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Treasury Auction

2-Year Note

April 23, 2024

B

Key Metrics

Offered

$69B

Bid-to-Cover

2.66

53th percentile

High Yield

4.898%

Tail

-7.2bp

10th pct (higher=worse)

Indirect

66.2%

75th percentile

Dealer

15.1%

Recent 2-Year Auctions

DateB/CTailIndirectGrade
March 25, 20242.62+0.5bp65.8%C+
February 26, 20242.49+2.1bp65.2%D+
January 24, 20243.61bp83.5%A+
January 23, 20242.57-0.5bp65.3%C
December 26, 20232.68bp61.9%C

2-Year Trends

Bid-to-Cover History

Indirect Bidder Allocation History