How did the latest 5-year 2-month Treasury note auction go?
The last 5-year 2-month note auction was on ; Treasury published no result for it.
Discontinued Treasury has not auctioned this term since 28 November 1990.
High yield
7.950%
Sold
$9.03 billion
The latest auction against its own history
| Measure | This auction | Window | Higher | Lower | Median |
|---|---|---|---|---|---|
| High yield | 7.950 | Last 12 auctions | 10 of 12 | 2 of 12 | 8.570 |
| High yield | 7.950 | Last 24 auctions | 18 of 24 | 6 of 24 | 8.510 |
| High yield | 7.950 | All 46 since 26 February 1980 | 40 of 46 | 6 of 46 | 9.825 |
| High minus median, basis points | 0.0 | Last 12 auctions | 6 of 12 | 0 of 12 | 0.5 |
| High minus median, basis points | 0.0 | Last 24 auctions | 16 of 24 | 0 of 24 | 1.0 |
| High minus median, basis points | 0.0 | All 46 since 26 February 1980 | 34 of 46 | 0 of 46 | 1.0 |
The table scrolls sideways; the first column stays in place.
What this number cannot tell you
- Why it sold where it did. Results show what was bid and accepted, not the reasons behind any bid.
- The auction tail as markets quote it. That compares the high yield with the when-issued yield just before bids closed, a market price that is not public; we show high minus median instead, a different measure.
- Who the bidders are. Indirect bidders include foreign and international accounts bidding through the New York Fed and investors bidding through dealers; Treasury does not publish names.
- Demand on another day. A bid-to-cover ratio counts bids at one auction against the amount offered, and the amount offered changes from auction to auction.
Every 5-year 2-month note auction
| Auction | Offered as | High yield, % | Bid-to-cover | Offered, $ billion | Sold, $ billion | Indirect, % | Direct, % | Dealers, % | High − median, bp |
|---|---|---|---|---|---|---|---|---|---|
| 5-Year 2-Month | 7.950 | – | 9.000 | 9.027 | – | – | – | 0.0 | |
| 5-Year 2-Month | 8.580 | – | 8.500 | 8.976 | – | – | – | 1.0 | |
| 5-Year 2-Month | 8.560 | – | 8.500 | 8.842 | – | – | – | 2.0 | |
| 5-Year 2-Month | 8.530 | – | 8.000 | 8.265 | – | – | – | 0.0 | |
| 5-Year 2-Month | 7.780 | – | 8.000 | 8.335 | – | – | – | 1.0 | |
| 5-Year 2-Month | 8.260 | – | 7.750 | 8.250 | – | – | – | 0.0 | |
| 5-Year 2-Month | 8.720 | – | 7.500 | 7.807 | – | – | – | 0.0 | |
| 5-Year 2-Month | 9.490 | – | 7.750 | 8.462 | – | – | – | 0.0 | |
| 5-Year 2-Month | 8.980 | – | 7.500 | 7.764 | – | – | – | 1.0 | |
| 5-Year 2-Month | 9.040 | – | 7.250 | 7.448 | – | – | – | 0.0 | |
| 5-Year 2-Month | 8.770 | – | 7.000 | 7.336 | – | – | – | 0.0 | |
| 3-Year, reopening | 8.240 | – | 8.750 | 12.688 | – | – | – | 1.0 |
Show 35 more rows
| Auction | Offered as | High yield, % | Bid-to-cover | Offered, $ billion | Sold, $ billion | Indirect, % | Direct, % | Dealers, % | High − median, bp |
|---|---|---|---|---|---|---|---|---|---|
| 5-Year 2-Month | 7.660 | – | 7.250 | 8.082 | – | – | – | 1.0 | |
| 5-Year 2-Month | 8.310 | – | 7.500 | 8.235 | – | – | – | 1.0 | |
| 5-Year 2-Month | 8.490 | – | 7.750 | 8.532 | – | – | – | 1.0 | |
| 5-Year 2-Month | 8.270 | – | 8.000 | 8.475 | – | – | – | 0.0 | |
| 5-Year 2-Month | 6.740 | – | 8.250 | 8.401 | – | – | – | 1.0 | |
| 5-Year 2-Month | 6.670 | – | 8.250 | 8.526 | – | – | – | 1.0 | |
| 5-Year 2-Month | 6.520 | – | 8.000 | 8.342 | – | – | – | 1.0 | |
| 5-Year 2-Month | 7.550 | – | 7.750 | 7.771 | – | – | – | 2.0 | |
| 5-Year 2-Month | 8.130 | – | 7.500 | 7.838 | – | – | – | 1.0 | |
| 5-Year 2-Month | 9.130 | – | 7.500 | 7.649 | – | – | – | 0.0 | |
| 5-Year 2-Month | 9.630 | – | 7.250 | 7.814 | – | – | – | 1.0 | |
| 5-Year 2-Month | 10.030 | – | 1.000 | 1.000 | – | – | – | 3.0 | |
| 5-Year 2-Month | 9.960 | – | 7.000 | 7.167 | – | – | – | 1.0 | |
| 5-Year 2-Month | 11.430 | – | 7.000 | 7.005 | – | – | – | 0.0 | |
| 5-Year 2-Month | 11.300 | – | 1.000 | 1.000 | – | – | – | 5.0 | |
| 5-Year 2-Month | 11.030 | – | 6.750 | 6.927 | – | – | – | 1.0 | |
| 5-Year 2-Month | 12.780 | – | 6.500 | 6.531 | – | – | – | 0.0 | |
| 5-Year 2-Month | 13.960 | – | 6.250 | 6.251 | – | – | – | 3.0 | |
| 5-Year 2-Month | 11.850 | – | 6.000 | 6.044 | – | – | – | 1.0 | |
| 5-Year 2-Month | 11.370 | – | 6.000 | 6.224 | – | – | – | 0.0 | |
| 5-Year 2-Month | 11.820 | – | 6.000 | 6.008 | – | – | – | 3.0 | |
| 5-Year 2-Month | 10.500 | – | 5.750 | 5.763 | – | – | – | 0.0 | |
| 5-Year 2-Month | 10.000 | – | 5.500 | 5.935 | – | – | – | 4.0 | |
| 5-Year 2-Month | 10.230 | – | 5.000 | 5.024 | – | – | – | 2.0 | |
| 5-Year 2-Month | 12.690 | – | 4.750 | 5.362 | – | – | – | 1.0 | |
| 5-Year 2-Month | 13.730 | – | 3.750 | 4.038 | – | – | – | 2.0 | |
| 5-Year 2-Month | 14.050 | – | 3.250 | 3.506 | – | – | – | 4.0 | |
| 5-Year 2-Month | 12.850 | – | 3.250 | 3.424 | – | – | – | 2.0 | |
| 5-Year 2-Month | 16.190 | – | 3.250 | 3.456 | – | – | – | 5.0 | |
| 5-Year 5-Month | 14.020 | – | 3.000 | 3.195 | – | – | – | 7.0 | |
| 5-Year 2-Month | 13.810 | – | 3.250 | 3.449 | – | – | – | 2.0 | |
| 5-Year 2-Month | 13.540 | – | 3.000 | 3.174 | – | – | – | 2.0 | |
| 5-Year 2-Month | 11.780 | – | 3.000 | 3.066 | – | – | – | 2.0 | |
| 5-Year 2-Month | 9.690 | – | 3.000 | 3.289 | – | – | – | 3.0 | |
| 5-Year 2-Month | 14.500 | – | 2.500 | 2.700 | – | – | – | 11.0 |
The table scrolls sideways; the first column stays in place.
Sources and licence
Sources and licence
- U.S. Treasury, Bureau of the Fiscal Service, Fiscal Data (source). Licence: Public domain, a work of the US federal government
Our text and compilation: CC BY 4.0. How to reuse and cite this page.