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Treasury Auction
5-Year Note
June 25, 2025
D+
Key Metrics
Offered
$70B
Bid-to-Cover
2.36
15th percentile
High Yield
3.879%
Tail
+1.9bp
48th pct (higher=worse)
Indirect
64.7%
27th percentile
Dealer
10.9%
Recent 5-Year Auctions
| Date | B/C | Tail | Indirect | Grade |
|---|---|---|---|---|
| May 28, 2025 | 2.39 | +3.1bp | 78.4% | C+ |
| April 23, 2025 | 2.41 | +1.5bp | 64.0% | C- |
| 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 |