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Treasury Auction

2-Year Note

February 26, 2024

D+

Key Metrics

Offered

$63B

Bid-to-Cover

2.49

6th percentile

High Yield

4.691%

Tail

+2.1bp

75th pct (higher=worse)

Indirect

65.2%

65th percentile

Dealer

14.7%

Recent 2-Year Auctions

DateB/CTailIndirectGrade
January 24, 20243.61bp83.5%A+
January 23, 20242.57-0.5bp65.3%C
December 26, 20232.68bp61.9%C
November 27, 20232.54-3.3bp57.4%D+
October 25, 20233.23bp71.7%B+

2-Year Trends

Bid-to-Cover History

Indirect Bidder Allocation History