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Treasury Auction
5-Year Note
September 23, 2026
F
Key Metrics
Offered
$70B
Bid-to-Cover
2.21
0th percentile
High Yield
5.033%
Tail
+20.3bp
100th pct (higher=worse)
Indirect
54.3%
0th percentile
Dealer
15.8%
Recent 5-Year Auctions
| Date | B/C | Tail | Indirect | Grade |
|---|---|---|---|---|
| August 26, 2026 | 2.37 | +4.3bp | 61.5% | D+ |
| 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+ |