← All Auctions

Treasury Auction

5-Year Note

February 25, 2026

F

Key Metrics

Offered

$70B

Bid-to-Cover

2.32

th percentile

High Yield

3.615%

Tail

bp

Indirect

62.5%

Dealer

12.8%

Recent 5-Year Auctions

DateB/CTailIndirectGrade
January 27, 20262.34bp60.7%F
December 23, 20252.35bp59.5%F
November 25, 20252.41bp61.4%F
October 27, 20252.38bp66.8%F
October 23, 20252.51bp62.1%F

5-Year Trends

Bid-to-Cover History

Indirect Bidder Allocation History