Auction result
5-Year Treasury Note auction result for June 25, 2025
The 5-Year Treasury Note held on June 25, 2025 recorded an official high rate of 3.879% and a bid-to-cover ratio of 2.36. Bid-to-cover decreased from 2.39 at the preceding comparable auction.
High yield
3.879%
Bid-to-cover
2.36
Direct bidders
22.2%
Primary dealers
9.9%
Comparable historical context
| Auction date | Series | Result | Bid-to-cover | Offering | Direct | Indirect | Dealers |
|---|---|---|---|---|---|---|---|
| 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% |