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Treasury Auction

5-Year Note

July 24, 2024

C-

Key Metrics

Offered

$70B

Bid-to-Cover

2.40

39th percentile

High Yield

4.121%

Tail

-2.9bp

41th pct (higher=worse)

Indirect

67.3%

43th percentile

Dealer

14.0%

Recent 5-Year Auctions

DateB/CTailIndirectGrade
June 26, 20242.35+8.1bp68.9%D
May 28, 20242.30bp65.0%F
April 24, 20242.39+2.9bp65.7%D+
March 26, 20242.41+0.5bp70.5%C
February 26, 20242.41+4.0bp63.5%D

5-Year Trends

Bid-to-Cover History

Indirect Bidder Allocation History