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Treasury Auction
5-Year Note
November 25, 2025
C+
Key Metrics
Offered
$70B
Bid-to-Cover
2.41
64th percentile
High Yield
3.562%
Tail
-4.8bp
21th pct (higher=worse)
Indirect
61.4%
16th percentile
Dealer
11.0%
Recent 5-Year Auctions
| Date | B/C | Tail | Indirect | Grade |
|---|---|---|---|---|
| October 27, 2025 | 2.38 | +1.5bp | 66.8% | C |
| 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+ |