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Treasury Auction

2-Year Note

July 23, 2024

A

Key Metrics

Offered

$69B

Bid-to-Cover

2.81

72th percentile

High Yield

4.434%

Tail

-6.6bp

15th pct (higher=worse)

Indirect

76.6%

97th percentile

Dealer

9.0%

Recent 2-Year Auctions

DateB/CTailIndirectGrade
June 25, 20242.75-0.4bp65.6%C+
May 28, 20242.41bp57.9%F
April 24, 20243.33bp62.7%C+
April 23, 20242.66-7.2bp66.2%B
March 25, 20242.62+0.5bp65.8%C+

2-Year Trends

Bid-to-Cover History

Indirect Bidder Allocation History