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Treasury Auction
5-Year Note
April 27, 2026
D+
Key Metrics
Offered
$70B
Bid-to-Cover
2.33
17th percentile
High Yield
3.955%
Tail
+3.5bp
77th pct (higher=worse)
Indirect
72.3%
83th percentile
Dealer
12.7%
Recent 5-Year Auctions
| Date | B/C | Tail | Indirect | Grade |
|---|---|---|---|---|
| March 25, 2026 | 2.29 | -5.0bp | 61.9% | D |
| 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+ |