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Treasury Auction

5-Year Note

December 27, 2023

B+

Key Metrics

Offered

$58B

Bid-to-Cover

2.50

60th percentile

High Yield

3.801%

Tail

-8.9bp

4th pct (higher=worse)

Indirect

70.6%

84th percentile

Dealer

14.0%

Recent 5-Year Auctions

DateB/CTailIndirectGrade
November 27, 20232.46-7.0bp65.5%C
October 25, 20232.36+7.9bp61.5%F
September 27, 20232.52+3.9bp71.2%C+
August 28, 20232.54-4.0bp67.9%B-
July 25, 20232.60+4.0bp64.4%C+

5-Year Trends

Bid-to-Cover History

Indirect Bidder Allocation History