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Treasury Auction

2-Year Note

November 21, 2022

C

Key Metrics

Offered

$42B

Bid-to-Cover

2.64

54th percentile

High Yield

4.505%

Tail

-0.5bp

42th pct (higher=worse)

Indirect

57.0%

38th percentile

Dealer

20.6%

Recent 2-Year Auctions

DateB/CTailIndirectGrade
October 26, 20222.65bp72.6%B-
October 25, 20222.59bp50.5%D+
September 26, 20222.51bp53.0%D+
August 23, 20222.49bp59.7%D+
July 27, 20223.13bp69.4%B+

2-Year Trends

Bid-to-Cover History

Indirect Bidder Allocation History