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Treasury Auction

10-Year Note

February 8, 2023

A

Key Metrics

Offered

$35B

Bid-to-Cover

2.66

89th percentile

High Yield

3.613%

Tail

-5.7bp

33th pct (higher=worse)

Indirect

79.5%

100th percentile

Dealer

5.4%

Recent 10-Year Auctions

DateB/CTailIndirectGrade
November 9, 20222.23bp57.5%F
August 10, 20222.53bp74.5%B
May 11, 20222.49bp70.3%F
February 9, 20222.68bp77.6%F
November 9, 20212.35bp71.0%F

10-Year Trends

Bid-to-Cover History

Indirect Bidder Allocation History