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Treasury Auction

5-Year Note

January 24, 2024

F

Key Metrics

Offered

$61B

Bid-to-Cover

2.31

12th percentile

High Yield

4.055%

Tail

-0.5bp

48th pct (higher=worse)

Indirect

60.9%

12th percentile

Dealer

20.4%

Recent 5-Year Auctions

DateB/CTailIndirectGrade
December 27, 20232.50-8.9bp70.6%B+
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-

5-Year Trends

Bid-to-Cover History

Indirect Bidder Allocation History