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Treasury Auction
5-Year Note
April 23, 2025
C-
Key Metrics
Offered
$70B
Bid-to-Cover
2.41
46th percentile
High Yield
3.995%
Tail
+1.5bp
48th pct (higher=worse)
Indirect
64.0%
15th percentile
Dealer
11.1%
Recent 5-Year Auctions
| Date | B/C | Tail | Indirect | Grade |
|---|---|---|---|---|
| March 26, 2025 | 2.33 | +3.0bp | 75.8% | C- |
| February 25, 2025 | 2.42 | -10.7bp | 74.9% | B+ |
| January 27, 2025 | 2.40 | -10.0bp | 62.8% | C |
| December 24, 2024 | 2.40 | +3.8bp | 67.3% | D+ |
| November 26, 2024 | 2.43 | +2.7bp | 64.1% | D+ |