5-Year Note · 27 Oct 2025

CUSIP 91282CPD7 · results published

Offering
$70.0 B
Total tendered
$170.6 B
Total accepted
$74.0 B
Bid-to-cover
2.38×
High yield
3.625 %
Median yield
3.575 %
Indirect bidders
$46.72 B (66.8 %)
Direct bidders
$16.70 B (23.9 %)
Primary dealers
$6.48 B (9.3 %)
SOMA
$4.02 B
Tail vs when-issued
not computed
Issue date
31 Oct 2025

Provenance

Source record: https://api.fiscaldata.treasury.gov/services/api/fiscal_service/v1/accounting/od/auctions_query?filter=cusip:eq:91282CPD7,auction_date:eq:2025-10-27 · results PDF R_20251027_4.pdf

Snapshot 6b6428474d32 fetched Tue 22 Sept 2026, 10:50 am ET from https://api.fiscaldata.treasury.gov/services/api/fiscal_service/v1/accounting/od/auctions_query?filter=auction_date%3Agte%3A2019-01-01&sort=-auction_date&page%5Bsize%5D=10000&page%5Bnumber%5D=1

Previous 5-Year auctions

DateBid-to-coverDealersIndirectsHigh yield
23 Oct 20252.51×13.5 %62.1 %1.182 %
24 Sept 20252.34×11.9 %59.4 %3.710 %
27 Aug 20252.36×8.8 %60.5 %3.724 %
28 Jul 20252.31×12.2 %58.3 %3.983 %
25 Jun 20252.36×10.9 %64.7 %3.879 %
17 Jun 20252.53×6.6 %74.6 %1.650 %
28 May 20252.39×9.2 %78.4 %4.071 %
23 Apr 20252.41×11.1 %64.0 %3.995 %
17 Apr 20252.28×18.1 %64.2 %1.702 %
26 Mar 20252.33×13.2 %75.8 %4.100 %
25 Feb 20252.42×10.6 %74.9 %4.123 %
27 Jan 20252.40×11.1 %62.8 %4.330 %
Auction 91282CPD7 · The Fiscal Desk