Historical bid-to-cover data for 5-Year Treasury auctions, updated after each auction. The most recent value is 2.37x as of August 26, 2026. Bid-to-cover measures the ratio of total bids to the amount offered. Higher ratios indicate stronger demand from investors.
This metric tracks bid-to-cover for 5-Year Treasury auctions. Auction results reflect real-time price discovery for U.S. government debt and provide insight into investor demand across the maturity spectrum. Monitoring auction metrics alongside secondary market yields helps identify supply-demand imbalances that may affect pricing.
| Date | Bid-to-Cover | Grade | Composite |
|---|---|---|---|
| 12/23/2025 | 2.35x | D+ | C+ |
| 01/27/2026 | 2.34x | D+ | C+ |
| 02/25/2026 | 2.32x | D+ | C+ |
| 03/25/2026 | 2.29x | D | C+ |
| 04/27/2026 | 2.33x | D+ | C+ |
| 04/23/2026 | 2.57x | B- | B- |
| 05/27/2026 | 2.34x | D+ | C+ |
| 06/24/2026 | 2.35x | D+ | C+ |
| 07/27/2026 | 2.28x | D | C |
| 08/26/2026 | 2.37x | D+ | B- |
| Mean | Std Dev | Min | Max | Count |
|---|---|---|---|---|
| 2.50 | 0.23 | 1.65 | 3.20 | 223 |