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Treasury Auction

2-Year Note

August 27, 2024

B-

Key Metrics

Offered

$69B

Bid-to-Cover

2.68

45th percentile

High Yield

3.874%

Tail

-3.6bp

32th pct (higher=worse)

Indirect

69.0%

81th percentile

Dealer

11.9%

Recent 2-Year Auctions

DateB/CTailIndirectGrade
July 24, 20243.25bp74.8%B+
July 23, 20242.81-6.6bp76.6%A
June 25, 20242.75-0.4bp65.6%C+
May 28, 20242.41bp57.9%F
April 24, 20243.33bp62.7%C+

2-Year Trends

Bid-to-Cover History

Indirect Bidder Allocation History