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Treasury Auction

2-Year Note

December 23, 2024

C

Key Metrics

Offered

$69B

Bid-to-Cover

2.73

50th percentile

High Yield

4.335%

Tail

+3.5bp

95th pct (higher=worse)

Indirect

82.1%

97th percentile

Dealer

11.3%

Recent 2-Year Auctions

DateB/CTailIndirectGrade
November 25, 20242.77-9.6bp71.6%A-
October 29, 20242.95bp75.7%B
October 28, 20242.50+2.0bp58.2%F
September 24, 20242.59-5.0bp67.6%C+
August 27, 20242.68-3.6bp69.0%B-

2-Year Trends

Bid-to-Cover History

Indirect Bidder Allocation History