Historical bid-to-cover data for 5-Year Treasury auctions, updated after each auction. The most recent value is 2.29x as of March 25, 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 |
|---|---|---|---|
| 07/28/2025 | 2.31x | D | C+ |
| 08/27/2025 | 2.36x | D+ | C+ |
| 09/24/2025 | 2.34x | D+ | C+ |
| 10/27/2025 | 2.38x | D+ | B- |
| 10/23/2025 | 2.51x | C | B- |
| 11/25/2025 | 2.41x | C- | B- |
| 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+ |
| Mean | Std Dev | Min | Max | Count |
|---|---|---|---|---|
| 2.51 | 0.24 | 1.65 | 3.20 | 217 |