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Treasury Auction
5-Year Note
September 27, 2023
C+
Key Metrics
Offered
$49B
Bid-to-Cover
2.52
65th percentile
High Yield
4.659%
Tail
+3.9bp
68th pct (higher=worse)
Indirect
71.2%
85th percentile
Dealer
11.2%
Recent 5-Year Auctions
| Date | B/C | Tail | Indirect | Grade |
|---|---|---|---|---|
| August 28, 2023 | 2.54 | -4.0bp | 67.9% | B- |
| July 25, 2023 | 2.60 | +4.0bp | 64.4% | C+ |
| June 27, 2023 | 2.52 | +5.9bp | 68.1% | C+ |
| May 24, 2023 | 2.58 | -1.1bp | 72.7% | A- |
| April 26, 2023 | 2.54 | +7.0bp | 69.1% | B- |