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Treasury Auction

5-Year Note

April 24, 2024

D+

Key Metrics

Offered

$70B

Bid-to-Cover

2.39

21th percentile

High Yield

4.659%

Tail

+2.9bp

54th pct (higher=worse)

Indirect

65.7%

46th percentile

Dealer

15.0%

Recent 5-Year Auctions

DateB/CTailIndirectGrade
March 26, 20242.41+0.5bp70.5%C
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

5-Year Trends

Bid-to-Cover History

Indirect Bidder Allocation History