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Treasury Auction

2-Year Note

January 25, 2023

B-

Key Metrics

Offered

$24B

Bid-to-Cover

2.80

76th percentile

High Yield

Tail

bp

Indirect

67.4%

86th percentile

Dealer

32.5%

Recent 2-Year Auctions

DateB/CTailIndirectGrade
January 24, 20232.94-7.1bp65.0%A-
December 27, 20222.71bp62.2%B
November 21, 20222.64-0.5bp57.0%C
October 26, 20222.65bp72.6%B-
October 25, 20222.59bp50.5%D+

2-Year Trends

Bid-to-Cover History

Indirect Bidder Allocation History