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Treasury Auction

5-Year Note

March 26, 2024

C

Key Metrics

Offered

$67B

Bid-to-Cover

2.41

24th percentile

High Yield

4.235%

Tail

+0.5bp

56th pct (higher=worse)

Indirect

70.5%

80th percentile

Dealer

12.7%

Recent 5-Year Auctions

DateB/CTailIndirectGrade
February 26, 20242.41+4.0bp63.5%D
January 24, 20242.31-0.5bp60.9%F
December 27, 20232.50-8.9bp70.6%B+
November 27, 20232.46-7.0bp65.5%C
October 25, 20232.36+7.9bp61.5%F

5-Year Trends

Bid-to-Cover History

Indirect Bidder Allocation History