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Treasury Auction
5-Year Note
October 27, 2025
C
Key Metrics
Offered
$70B
Bid-to-Cover
2.38
33th percentile
High Yield
3.625%
Tail
+1.5bp
43th pct (higher=worse)
Indirect
66.8%
50th percentile
Dealer
9.3%
Recent 5-Year Auctions
| Date | B/C | Tail | Indirect | Grade |
|---|---|---|---|---|
| September 24, 2025 | 2.34 | +3.0bp | 59.4% | D- |
| August 27, 2025 | 2.36 | -2.6bp | 60.5% | D+ |
| July 28, 2025 | 2.31 | +3.3bp | 58.3% | F |
| June 25, 2025 | 2.36 | +1.9bp | 64.7% | D+ |
| May 28, 2025 | 2.39 | +3.1bp | 78.4% | C+ |