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Treasury Auction

5-Year Note

January 27, 2026

F

Key Metrics

Offered

$70B

Bid-to-Cover

2.34

th percentile

High Yield

3.823%

Tail

bp

Indirect

60.7%

Dealer

10.8%

Recent 5-Year Auctions

DateB/CTailIndirectGrade
December 23, 20252.35bp59.5%F
November 25, 20252.41bp61.4%F
October 27, 20252.38bp66.8%F
October 23, 20252.51bp62.1%F
September 24, 20252.34bp59.4%F

5-Year Trends

Bid-to-Cover History

Indirect Bidder Allocation History