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Treasury Auction

5-Year Note

January 25, 2023

A+

Key Metrics

Offered

$43B

Bid-to-Cover

2.64

96th percentile

High Yield

3.530%

Tail

-5.0bp

18th pct (higher=worse)

Indirect

75.7%

92th percentile

Dealer

8.8%

Recent 5-Year Auctions

DateB/CTailIndirectGrade
December 28, 20222.46+3.3bp64.5%C-
November 21, 20222.39-1.6bp66.2%C+
October 26, 20222.48bp68.0%B
September 27, 20222.27bp59.6%F
August 24, 20222.30bp61.2%F

5-Year Trends

Bid-to-Cover History

Indirect Bidder Allocation History