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Treasury Auction

5-Year Note

October 25, 2023

F

Key Metrics

Offered

$52B

Bid-to-Cover

2.36

16th percentile

High Yield

4.899%

Tail

+7.9bp

92th pct (higher=worse)

Indirect

61.5%

20th percentile

Dealer

19.4%

Recent 5-Year Auctions

DateB/CTailIndirectGrade
September 27, 20232.52+3.9bp71.2%C+
August 28, 20232.54-4.0bp67.9%B-
July 25, 20232.60+4.0bp64.4%C+
June 27, 20232.52+5.9bp68.1%C+
May 24, 20232.58-1.1bp72.7%A-

5-Year Trends

Bid-to-Cover History

Indirect Bidder Allocation History