5-Year Note · 25 Nov 2025
CUSIP 91282CPN5 · results published
- Offering
- $70.0 B
- Total tendered
- $177.0 B
- Total accepted
- $78.0 B
- Bid-to-cover
- 2.41×
- High yield
- 3.562 %
- Median yield
- 3.515 %
- Indirect bidders
- $42.82 B (61.4 %)
- Direct bidders
- $19.27 B (27.6 %)
- Primary dealers
- $7.70 B (11.0 %)
- SOMA
- $8.00 B
- Tail vs when-issued
- not computed
- Issue date
- 1 Dec 2025
Provenance
Source record: https://api.fiscaldata.treasury.gov/services/api/fiscal_service/v1/accounting/od/auctions_query?filter=cusip:eq:91282CPN5,auction_date:eq:2025-11-25 · results PDF R_20251125_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
| Date | Bid-to-cover | Dealers | Indirects | High yield |
|---|---|---|---|---|
| 27 Oct 2025 | 2.38× | 9.3 % | 66.8 % | 3.625 % |
| 23 Oct 2025 | 2.51× | 13.5 % | 62.1 % | 1.182 % |
| 24 Sept 2025 | 2.34× | 11.9 % | 59.4 % | 3.710 % |
| 27 Aug 2025 | 2.36× | 8.8 % | 60.5 % | 3.724 % |
| 28 Jul 2025 | 2.31× | 12.2 % | 58.3 % | 3.983 % |
| 25 Jun 2025 | 2.36× | 10.9 % | 64.7 % | 3.879 % |
| 17 Jun 2025 | 2.53× | 6.6 % | 74.6 % | 1.650 % |
| 28 May 2025 | 2.39× | 9.2 % | 78.4 % | 4.071 % |
| 23 Apr 2025 | 2.41× | 11.1 % | 64.0 % | 3.995 % |
| 17 Apr 2025 | 2.28× | 18.1 % | 64.2 % | 1.702 % |
| 26 Mar 2025 | 2.33× | 13.2 % | 75.8 % | 4.100 % |
| 25 Feb 2025 | 2.42× | 10.6 % | 74.9 % | 4.123 % |