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Treasury Auction

10-Year Note

May 10, 2023

C-

Key Metrics

Offered

$35B

Bid-to-Cover

2.45

30th percentile

High Yield

3.448%

Tail

-8.2bp

14th pct (higher=worse)

Indirect

67.5%

20th percentile

Dealer

13.0%

Recent 10-Year Auctions

DateB/CTailIndirectGrade
February 8, 20232.66-5.7bp79.5%A
November 9, 20222.23bp57.5%F
August 10, 20222.53bp74.5%B
May 11, 20222.49bp70.3%F
February 9, 20222.68bp77.6%F

10-Year Trends

Bid-to-Cover History

Indirect Bidder Allocation History