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.
2 complete comparable auctions stored · noindex until 24 complete auctions are available
High yield
4.408%
Bid-to-cover
2.28
Offering amount
$70.0B
Indirect bidders
53.2%
The 5-Year Treasury Note held on July 27, 2026 recorded an official high rate of 4.408% and a bid-to-cover ratio of 2.28. Bid-to-cover decreased from 2.35 at the preceding comparable auction.
Comparable auction history
Actual auction dates with no interpolation.
Range: 2.28 to 2.35 · latest 2.28
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 |
|---|---|---|---|---|---|---|---|
| 2026-07-27 | 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% |