Auction result
5-Year Treasury Note auction result for July 27, 2026
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.
High yield
4.408%
Bid-to-cover
2.28
Direct bidders
24.4%
Primary dealers
12.2%
Comparable historical context
| 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% |