notes · official results
5-Year Treasury Note auction results
The 5-year note is a liquid intermediate benchmark. Same-series bid-to-cover and bidder shares provide context without implying a mechanical price signal.
60 complete comparable auctions stored · history threshold met
High yield
4.393%
Bid-to-cover
2.37
Offering amount
$70.0B
Indirect bidders
54.3%
The 5-Year Treasury Note held on August 26, 2026 recorded an official high rate of 4.393% and a bid-to-cover ratio of 2.37. Bid-to-cover increased from 2.28 at the preceding comparable auction.
Comparable auction history
Actual auction dates with no interpolation.
Range: 2.28 to 2.75 · latest 2.37
Recent comparable auctions
The table is available in the server-rendered response as an accessible alternative to the chart.
| Auction date | Series | Result | Bid-to-cover | Offering | Direct | Indirect | Dealers |
|---|---|---|---|---|---|---|---|
| 2026-08-26 | 5Y Note | High yield: 4.393% | 2.37 | $70.0B | 25.1% | 54.3% | 8.9% |
| 2026-07-27 | 5Y Note | High yield: 4.408% | 2.28 | $70.0B | 24.4% | 53.2% | 12.2% |
| 2026-06-24 | 5Y Note | High yield: 4.200% | 2.35 | $70.0B | 22.1% | 53.5% | 11.2% |
| 2026-05-27 | 5Y Note | High yield: 4.182% | 2.34 | $70.0B | 10.7% | 65.0% | 11.1% |
| 2026-04-27 | 5Y Note | High yield: 3.955% | 2.33 | $70.0B | 13.3% | 64.1% | 11.2% |
| 2026-03-25 | 5Y Note | High yield: 3.980% | 2.29 | $70.0B | 20.3% | 56.0% | 14.1% |
| 2026-02-25 | 5Y Note | High yield: 3.615% | 2.32 | $70.0B | 22.0% | 55.7% | 11.4% |
| 2026-01-27 | 5Y Note | High yield: 3.823% | 2.34 | $70.0B | 26.5% | 56.6% | 10.1% |
| 2026-01-26 | 2Y Note · reopening | High yield: 3.580% | 2.75 | $69.0B | 26.3% | 59.9% | 6.8% |
| 2025-12-23 | 5Y Note | High yield: 3.747% | 2.35 | $70.0B | 28.6% | 53.7% | 8.0% |
| 2025-11-25 | 5Y Note | High yield: 3.562% | 2.41 | $70.0B | 24.7% | 54.9% | 9.9% |
| 2025-10-27 | 5Y Note | High yield: 3.625% | 2.38 | $70.0B | 22.6% | 63.1% | 8.8% |
| 2025-09-24 | 5Y Note | High yield: 3.710% | 2.34 | $70.0B | 27.1% | 56.2% | 11.3% |
| 2025-08-27 | 5Y Note | High yield: 3.724% | 2.36 | $70.0B | 27.4% | 53.9% | 7.8% |
| 2025-07-28 | 5Y Note | High yield: 3.983% | 2.31 | $70.0B | 27.6% | 54.5% | 11.4% |
| 2025-06-25 | 5Y Note | High yield: 3.879% | 2.36 | $70.0B | 22.2% | 58.7% | 9.9% |
| 2025-05-28 | 5Y Note | High yield: 4.071% | 2.39 | $70.0B | 10.9% | 68.8% | 8.1% |
| 2025-04-23 | 5Y Note | High yield: 3.995% | 2.41 | $70.0B | 23.2% | 59.8% | 10.4% |
| 2025-03-26 | 5Y Note | High yield: 4.100% | 2.33 | $70.0B | 10.6% | 73.4% | 12.8% |
| 2025-01-27 | 5Y Note | High yield: 4.330% | 2.40 | $70.0B | 24.6% | 59.2% | 10.5% |
| 2024-12-24 | 5Y Note | High yield: 4.478% | 2.40 | $70.0B | 20.0% | 66.4% | 12.3% |
| 2024-11-26 | 5Y Note | High yield: 4.197% | 2.43 | $70.0B | 23.0% | 59.9% | 10.5% |
| 2024-10-28 | 5Y Note | High yield: 4.138% | 2.39 | $70.0B | 9.3% | 74.9% | 13.9% |
| 2024-09-25 | 5Y Note | High yield: 3.519% | 2.38 | $70.0B | 17.8% | 68.7% | 11.2% |
| 2024-08-28 | 5Y Note | High yield: 3.645% | 2.41 | $70.0B | 15.0% | 65.1% | 12.2% |
| 2024-07-24 | 5Y Note | High yield: 4.121% | 2.40 | $70.0B | 17.7% | 63.5% | 13.2% |
| 2024-06-26 | 5Y Note | High yield: 4.331% | 2.35 | $70.0B | 17.0% | 66.3% | 12.9% |
| 2024-05-28 | 5Y Note | High yield: 4.553% | 2.30 | $70.0B | 14.5% | 61.2% | 18.4% |
| 2024-04-24 | 5Y Note | High yield: 4.659% | 2.39 | $70.0B | 19.1% | 65.2% | 14.9% |
| 2024-03-26 | 5Y Note | High yield: 4.235% | 2.41 | $67.0B | 16.8% | 70.3% | 12.7% |
| 2024-02-26 | 5Y Note | High yield: 4.320% | 2.41 | $64.0B | 18.8% | 60.7% | 16.1% |
| 2024-01-24 | 5Y Note | High yield: 4.055% | 2.31 | $61.0B | 18.6% | 60.8% | 20.3% |
| 2023-12-27 | 5Y Note | High yield: 3.801% | 2.50 | $58.0B | 15.3% | 70.4% | 14.0% |
| 2023-11-27 | 5Y Note | High yield: 4.420% | 2.46 | $55.0B | 17.4% | 64.5% | 16.6% |
| 2023-10-25 | 5Y Note | High yield: 4.899% | 2.36 | $52.0B | 19.0% | 61.3% | 19.3% |
| 2023-09-27 | 5Y Note | High yield: 4.659% | 2.52 | $49.0B | 17.6% | 70.9% | 11.2% |
| 2023-08-28 | 5Y Note | High yield: 4.400% | 2.54 | $46.0B | 16.5% | 61.3% | 12.5% |
| 2023-07-25 | 5Y Note | High yield: 4.170% | 2.60 | $43.0B | 22.1% | 64.2% | 13.5% |
| 2023-06-27 | 5Y Note | High yield: 4.019% | 2.52 | $43.0B | 19.6% | 67.9% | 12.2% |
| 2023-05-24 | 5Y Note | High yield: 3.749% | 2.58 | $43.0B | 15.1% | 61.1% | 7.8% |
| 2023-04-26 | 5Y Note | High yield: 3.500% | 2.54 | $43.0B | 15.7% | 62.8% | 12.4% |
| 2023-03-28 | 5Y Note | High yield: 3.665% | 2.48 | $43.0B | 18.2% | 68.3% | 13.3% |
| 2023-02-22 | 5Y Note | High yield: 4.109% | 2.48 | $43.0B | 15.5% | 56.8% | 8.9% |
| 2023-01-25 | 5Y Note | High yield: 3.530% | 2.64 | $43.0B | 15.4% | 75.5% | 8.8% |
| 2022-12-28 | 5Y Note | High yield: 3.973% | 2.46 | $43.0B | 18.5% | 64.3% | 16.9% |
| 2022-11-21 | 5Y Note | High yield: 3.974% | 2.39 | $43.0B | 16.8% | 59.5% | 13.5% |
| 2022-10-26 | 5Y Note | High yield: 4.192% | 2.48 | $43.0B | 15.5% | 67.6% | 16.4% |
| 2022-09-27 | 5Y Note | High yield: 4.228% | 2.27 | $44.0B | 18.6% | 59.3% | 21.6% |
| 2022-08-24 | 5Y Note | High yield: 3.230% | 2.30 | $45.0B | 16.1% | 54.0% | 18.2% |
| 2022-07-26 | 5Y Note | High yield: 2.860% | 2.46 | $46.0B | 15.4% | 61.0% | 15.4% |
| 2022-06-27 | 5Y Note | High yield: 3.271% | 2.28 | $47.0B | 18.3% | 52.3% | 22.1% |
| 2022-05-25 | 5Y Note | High yield: 2.736% | 2.44 | $48.0B | 17.3% | 54.5% | 14.7% |