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Treasury Auction

2-Year Note

December 27, 2022

B

Key Metrics

Offered

$42B

Bid-to-Cover

2.71

70th percentile

High Yield

4.373%

Tail

—bp

Indirect

62.2%

67th percentile

Dealer

19.1%

Recent 2-Year Auctions

DateB/CTailIndirectGrade
November 21, 20222.64-0.5bp57.0%C
October 26, 20222.65—bp72.6%B-
October 25, 20222.59-4.0bp50.5%C+
September 26, 20222.51+9.0bp53.0%D-
August 23, 20222.49-1.3bp59.7%C

2-Year Trends

Bid-to-Cover History

Indirect Bidder Allocation History