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Treasury Auction

2-Year Note

January 27, 2025

C+

Key Metrics

Offered

$69B

Bid-to-Cover

2.66

37th percentile

High Yield

4.211%

Tail

-5.9bp

20th pct (higher=worse)

Indirect

65.0%

37th percentile

Dealer

13.7%

Recent 2-Year Auctions

DateB/CTailIndirectGrade
December 23, 20242.73+3.5bp82.1%C
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+

2-Year Trends

Bid-to-Cover History

Indirect Bidder Allocation History