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Treasury Auction

5-Year Note

November 21, 2022

C+

Key Metrics

Offered

$43B

Bid-to-Cover

2.39

41th percentile

High Yield

3.974%

Tail

-1.6bp

40th pct (higher=worse)

Indirect

66.2%

68th percentile

Dealer

15.1%

Recent 5-Year Auctions

DateB/CTailIndirectGrade
October 26, 20222.48bp68.0%B
September 27, 20222.27bp59.6%F
August 24, 20222.30bp61.2%F
July 26, 20222.46bp66.4%B-
June 27, 20222.28bp56.5%F

5-Year Trends

Bid-to-Cover History

Indirect Bidder Allocation History