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Treasury Auction
5-Year Note
August 26, 2026
D+
Key Metrics
Offered
$70B
Bid-to-Cover
2.37
54th percentile
High Yield
4.393%
Tail
+4.3bp
92th pct (higher=worse)
Indirect
61.5%
29th percentile
Dealer
10.1%
Recent 5-Year Auctions
| Date | B/C | Tail | Indirect | Grade |
|---|---|---|---|---|
| July 27, 2026 | 2.28 | -2.2bp | 59.2% | F |
| June 24, 2026 | 2.35 | -7.0bp | 61.6% | C- |
| May 27, 2026 | 2.34 | -0.8bp | 74.8% | C |
| April 27, 2026 | 2.33 | +3.5bp | 72.3% | D+ |
| March 25, 2026 | 2.29 | -5.0bp | 61.9% | D |