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Treasury Auction

5-Year Note

January 27, 2025

C

Key Metrics

Offered

$70B

Bid-to-Cover

2.40

35th percentile

High Yield

4.330%

Tail

-10.0bp

12th pct (higher=worse)

Indirect

62.8%

8th percentile

Dealer

11.1%

Recent 5-Year Auctions

DateB/CTailIndirectGrade
December 24, 20242.40+3.8bp67.3%D+
November 26, 20242.43+2.7bp64.1%D+
October 28, 20242.39+6.8bp76.3%D+
September 25, 20242.38+4.9bp70.3%D+
August 28, 20242.41-1.5bp70.5%C+

5-Year Trends

Bid-to-Cover History

Indirect Bidder Allocation History