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Treasury Auction
2-Year Note
July 24, 2023
B-
Key Metrics
Offered
$42B
Bid-to-Cover
2.78
69th percentile
High Yield
4.823%
Tail
+0.3bp
50th pct (higher=worse)
Indirect
65.5%
66th percentile
Dealer
13.8%
Recent 2-Year Auctions
| Date | B/C | Tail | Indirect | Grade |
|---|---|---|---|---|
| June 26, 2023 | 2.86 | -4.0bp | 68.5% | A- |
| May 23, 2023 | 2.90 | +1.0bp | 68.2% | B |
| 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 |