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Treasury Auction
2-Year Note
May 23, 2023
B
Key Metrics
Offered
$42B
Bid-to-Cover
2.90
81th percentile
High Yield
4.300%
Tail
+1.0bp
50th pct (higher=worse)
Indirect
68.2%
84th percentile
Dealer
16.2%
Recent 2-Year Auctions
| Date | B/C | Tail | Indirect | Grade |
|---|---|---|---|---|
| April 26, 2023 | 3.04 | —bp | 69.4% | B |
| April 25, 2023 | 2.68 | -15.1bp | 61.2% | B |
| March 27, 2023 | 2.44 | +19.4bp | 52.8% | F |
| February 21, 2023 | 2.61 | —bp | 62.0% | C+ |
| January 25, 2023 | 2.80 | —bp | 67.4% | B- |