← All Auctions
Treasury Auction
5-Year Note
March 25, 2026
D
Key Metrics
Offered
$70B
Bid-to-Cover
2.29
0th percentile
High Yield
3.980%
Tail
-5.0bp
13th pct (higher=worse)
Indirect
61.9%
24th percentile
Dealer
15.6%
Recent 5-Year Auctions
| Date | B/C | Tail | Indirect | Grade |
|---|---|---|---|---|
| February 25, 2026 | 2.32 | +0.5bp | 62.5% | D |
| January 27, 2026 | 2.34 | +0.3bp | 60.7% | D+ |
| December 23, 2025 | 2.35 | +3.7bp | 59.5% | D- |
| November 25, 2025 | 2.41 | -4.8bp | 61.4% | C+ |
| October 27, 2025 | 2.38 | +1.5bp | 66.8% | C |