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Treasury Auction

2-Year Note

December 26, 2023

C

Key Metrics

Offered

$57B

Bid-to-Cover

2.68

53th percentile

High Yield

4.314%

Tail

bp

Indirect

61.9%

38th percentile

Dealer

18.6%

Recent 2-Year Auctions

DateB/CTailIndirectGrade
November 27, 20232.54-3.3bp57.4%D+
October 25, 20233.23bp71.7%B+
October 24, 20232.64+0.5bp62.0%C-
September 26, 20232.73-0.5bp65.0%B-
August 28, 20232.94-0.6bp65.0%B

2-Year Trends

Bid-to-Cover History

Indirect Bidder Allocation History