This app allows users to explore different US Treasury Bill, Note, and Bond auction data.

The different data items include

Tail - This is the difference between the highest and average yield obtained by auction participants (reported in basis points). It is indicative of whether or not all buyers paid a similar price or did some get bonds on the cheap. A small tail relative to history is considered better.
Bid-to-Cover - This measures the total amount of bids received for a given auction divided by the amount actually sold. Higher relative to history is better.
Indirect - This is the percentage of competitive bidders (typically foreign central banks and institutions) placing bids through a primary dealer. They participate this way because they are often unable or unwilling to bid directly with the Treasury. Higher relative to history is better.
Direct - The is the percentage of institutions who are placing bids on the auction directly with the US Treasury. Higher relative to history is better.

Instructions

choose the desired Start and End dates using the two date selectors
choose the desired Item from the dropdown menu
choose the desired Tenor from the dropdown menu
click GO to render the chart for the chosen parameters
click the sparkle button to open ChatYCP and ask questions about the data (login required)

Notes

Start and End are pre-populated with the earliest and latest dates available, respectively
Tenor is pre-populated with 4-Week
each Item is given a letter grade (D- to A) relative to the entire history selected by Start and End
an equally weighted Composite is calculated from the 4 Items
the most recent Item and Composite grades are show in the chart title as well as Avg and High yields followed by the Total dollar amount auctioned
try asking ChatYCP: "How was the most recent 10-Year auction?" or "Average bid-to-cover ratios by tenor?"

Use Cases

Auctions