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Treasury Auction

2-Year Note

January 24, 2023

A-

Key Metrics

Offered

$42B

Bid-to-Cover

2.94

86th percentile

High Yield

4.139%

Tail

bp

Indirect

65.0%

71th percentile

Dealer

16.3%

Recent 2-Year Auctions

DateB/CTailIndirectGrade
December 27, 20222.71bp62.2%B
November 21, 20222.64bp57.0%C
October 26, 20222.65bp72.6%B-
October 25, 20222.59bp50.5%D+
September 26, 20222.51bp53.0%D+

2-Year Trends

Bid-to-Cover History

Indirect Bidder Allocation History