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Treasury Auction

2-Year Note

July 26, 2023

F

Key Metrics

Offered

$24B

Bid-to-Cover

2.58

30th percentile

High Yield

Tail

bp

Indirect

53.3%

24th percentile

Dealer

46.7%

Recent 2-Year Auctions

DateB/CTailIndirectGrade
July 24, 20232.78+0.3bp65.5%B-
June 26, 20232.86-4.0bp68.5%A-
May 23, 20232.90+1.0bp68.2%B
April 26, 20233.04bp69.4%B
April 25, 20232.68-15.1bp61.2%B

2-Year Trends

Bid-to-Cover History

Indirect Bidder Allocation History