# US Treasury Auction (Ex Post)
Source: https://www.yieldcurve.pro/blog/treasury-auction-btc-004  
Published: 2024-01-17  
Tags: Auction, Bid to Coverage Ratio, Bills, Bonds, Notes, US Treasury, noindex

_Evaluating the Health of Yesterday's US Treasury Auction_

# Evaluating the Health of Yesterdays's US Treasury Auction

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Yesterday's auctions raised approximately $75B 13-Week (CUSIP 912796CX5) and
$68B 26-Week (CUSIP 912797JS7) in UST Bills.  Both had bid-to-cover (BTC)
ratios exceeding historical medians.

Figures 1 and 2 show the hostirical median and interquartile ranges on the
distribution density diagrams (DDDs) indicated with the vertical orange dashed
lines.

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<img src="/admin/blog/image/85/blog_btc_13week_bill_20240117.png">
#### **Figure 1**:  13-Week Bill BTC Distribution Density Diagram

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<img src="/admin/blog/image/86/blog_btc_26week_bill_20240117.png">
#### **Figure 2**:  26-Week Bill BTC Distribution Density Diagram

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The blue line shows the BTC of the most recent auctions.