Treasury 5-Year Note Auction Dates and Results

From the US Treasury. Auction dates are calendar dates; rates are in percent.

Next auction

No next auction is announced yet.

The latest 5-Year Note auction, held on October 27, 2026, had a high yield of 4.845% and a bid-to-cover ratio of 2.33x. The high yield was down 0.188 percentage points from 5.033% at the September 23, 2026 auction, and bid-to-cover was up 0.12x from 2.21x. Reopenings of the same security are included under the 5-Year Note.

Source: US Treasury (TreasuryDirect)

Updated October 27, 2026

Treasury 5-Year Note, actuals

July 25, 2018October 27, 2026

High yield, percent

Past auctions

Past 5-Year Note auction dates, results, bid-to-cover ratios and sizes
Auction date	Issue date	Maturity	Issue	High yield (%)	Coupon (%)	Bid-to-cover	Offered
October 27, 2026	November 2, 2026	October 31, 2031	New issue	4.845	4.750	2.33x	$70 billion
September 23, 2026	September 30, 2026	September 30, 2031	New issue	5.033	5.000	2.21x	$70 billion
August 26, 2026	August 31, 2026	August 31, 2031	New issue	4.393	4.375	2.37x	$70 billion
July 27, 2026	July 31, 2026	July 31, 2031	New issue	4.408	4.375	2.28x	$70 billion
June 24, 2026	June 30, 2026	June 30, 2031	New issue	4.200	4.125	2.35x	$70 billion
May 27, 2026	June 1, 2026	May 31, 2031	New issue	4.182	4.125	2.34x	$70 billion
April 27, 2026	April 30, 2026	April 30, 2031	New issue	3.955	3.875	2.33x	$70 billion
March 25, 2026	March 31, 2026	March 31, 2031	New issue	3.980	3.875	2.29x	$70 billion
February 25, 2026	March 2, 2026	February 28, 2031	New issue	3.615	3.500	2.32x	$70 billion
January 27, 2026	February 2, 2026	January 31, 2031	New issue	3.823	3.750	2.34x	$70 billion
December 23, 2025	December 31, 2025	December 31, 2030	New issue	3.747	3.625	2.35x	$70 billion
November 25, 2025	December 1, 2025	November 30, 2030	New issue	3.562	3.500	2.41x	$70 billion
October 27, 2025	October 31, 2025	October 31, 2030	New issue	3.625	3.625	2.38x	$70 billion
September 24, 2025	September 30, 2025	September 30, 2030	New issue	3.710	3.625	2.34x	$70 billion
August 27, 2025	September 2, 2025	August 31, 2030	New issue	3.724	3.625	2.36x	$70 billion
July 28, 2025	July 31, 2025	July 31, 2030	New issue	3.983	3.875	2.31x	$70 billion
June 25, 2025	June 30, 2025	June 30, 2030	New issue	3.879	3.875	2.36x	$70 billion
May 28, 2025	June 2, 2025	May 31, 2030	New issue	4.071	4.000	2.39x	$70 billion
April 23, 2025	April 30, 2025	April 30, 2030	New issue	3.995	3.875	2.41x	$70 billion
March 26, 2025	March 31, 2025	March 31, 2030	New issue	4.100	4.000	2.33x	$70 billion
February 25, 2025	February 28, 2025	February 28, 2030	Reopening	4.123	4.000	2.42x	$70 billion
January 27, 2025	January 31, 2025	January 31, 2030	New issue	4.330	4.250	2.40x	$70 billion
December 24, 2024	December 31, 2024	December 31, 2029	New issue	4.478	4.375	2.40x	$70 billion
November 26, 2024	December 2, 2024	November 30, 2029	New issue	4.197	4.125	2.43x	$70 billion
October 28, 2024	October 31, 2024	October 31, 2029	New issue	4.138	4.125	2.39x	$70 billion
September 25, 2024	September 30, 2024	September 30, 2029	New issue	3.519	3.500	2.38x	$70 billion
August 28, 2024	September 3, 2024	August 31, 2029	New issue	3.645	3.625	2.41x	$70 billion
July 24, 2024	July 31, 2024	July 31, 2029	New issue	4.121	4.000	2.40x	$70 billion
June 26, 2024	July 1, 2024	June 30, 2029	New issue	4.331	4.250	2.35x	$70 billion
May 28, 2024	May 31, 2024	May 31, 2029	New issue	4.553	4.500	2.30x	$70 billion
April 24, 2024	April 30, 2024	April 30, 2029	New issue	4.659	4.625	2.39x	$70 billion
March 26, 2024	April 1, 2024	March 31, 2029	New issue	4.235	4.125	2.41x	$67 billion
February 26, 2024	February 29, 2024	February 28, 2029	New issue	4.320	4.250	2.41x	$64 billion
January 24, 2024	January 31, 2024	January 31, 2029	New issue	4.055	4.000	2.31x	$61 billion
December 27, 2023	January 2, 2024	December 31, 2028	New issue	3.801	3.750	2.50x	$58 billion
November 27, 2023	November 30, 2023	November 30, 2028	New issue	4.420	4.375	2.46x	$55 billion
October 25, 2023	October 31, 2023	October 31, 2028	New issue	4.899	4.875	2.36x	$52 billion
September 27, 2023	October 2, 2023	September 30, 2028	New issue	4.659	4.625	2.52x	$49 billion
August 28, 2023	August 31, 2023	August 31, 2028	New issue	4.400	4.375	2.54x	$46 billion
July 25, 2023	July 31, 2023	July 31, 2028	New issue	4.170	4.125	2.60x	$43 billion
June 27, 2023	June 30, 2023	June 30, 2028	New issue	4.019	4.000	2.52x	$43 billion
May 24, 2023	May 31, 2023	May 31, 2028	New issue	3.749	3.625	2.58x	$43 billion
April 26, 2023	May 1, 2023	April 30, 2028	New issue	3.500	3.500	2.54x	$43 billion
March 28, 2023	March 31, 2023	March 31, 2028	New issue	3.665	3.625	2.48x	$43 billion
February 22, 2023	February 28, 2023	February 29, 2028	New issue	4.109	4.000	2.48x	$43 billion
January 25, 2023	January 31, 2023	January 31, 2028	New issue	3.530	3.500	2.64x	$43 billion
December 28, 2022	January 3, 2023	December 31, 2027	New issue	3.973	3.875	2.46x	$43 billion
November 21, 2022	November 30, 2022	November 30, 2027	New issue	3.974	3.875	2.39x	$43 billion
October 26, 2022	October 31, 2022	October 31, 2027	New issue	4.192	4.125	2.48x	$43 billion
September 27, 2022	September 30, 2022	September 30, 2027	New issue	4.228	4.125	2.27x	$44 billion
August 24, 2022	August 31, 2022	August 31, 2027	New issue	3.230	3.125	2.30x	$45 billion
July 26, 2022	August 1, 2022	July 31, 2027	New issue	2.860	2.750	2.46x	$46 billion
June 27, 2022	June 30, 2022	June 30, 2027	New issue	3.271	3.250	2.28x	$47 billion
May 25, 2022	May 31, 2022	May 31, 2027	New issue	2.736	2.625	2.44x	$48 billion
April 27, 2022	May 2, 2022	April 30, 2027	New issue	2.785	2.750	2.41x	$49 billion
March 28, 2022	March 31, 2022	March 31, 2027	New issue	2.543	2.500	2.53x	$51 billion
February 23, 2022	February 28, 2022	February 28, 2027	New issue	1.880	1.875	2.49x	$53 billion
January 25, 2022	January 31, 2022	January 31, 2027	Reopening	1.533	1.500	2.50x	$55 billion
December 28, 2021	December 31, 2021	December 31, 2026	New issue	1.263	1.250	2.41x	$57 billion
November 22, 2021	November 30, 2021	November 30, 2026	New issue	1.319	1.250	2.34x	$59 billion
October 27, 2021	November 1, 2021	October 31, 2026	New issue	1.157	1.125	2.55x	$61 billion
September 27, 2021	September 30, 2021	September 30, 2026	New issue	0.990	0.875	2.37x	$61 billion
August 25, 2021	August 31, 2021	August 31, 2026	New issue	0.831	0.750	2.35x	$61 billion
July 27, 2021	August 2, 2021	July 31, 2026	New issue	0.710	0.625	2.36x	$61 billion
June 23, 2021	June 30, 2021	June 30, 2026	New issue	0.904	0.875	2.36x	$61 billion
May 26, 2021	June 1, 2021	May 31, 2026	New issue	0.788	0.750	2.49x	$61 billion
April 26, 2021	April 30, 2021	April 30, 2026	New issue	0.849	0.750	2.31x	$61 billion
March 24, 2021	March 31, 2021	March 31, 2026	New issue	0.850	0.750	2.36x	$61 billion
February 24, 2021	March 1, 2021	February 28, 2026	New issue	0.621	0.500	2.24x	$61 billion
January 26, 2021	February 1, 2021	January 31, 2026	New issue	0.424	0.375	2.34x	$61 billion
December 28, 2020	December 31, 2020	December 31, 2025	New issue	0.394	0.375	2.39x	$59 billion
November 23, 2020	November 30, 2020	November 30, 2025	New issue	0.397	0.375	2.38x	$57 billion
October 28, 2020	November 2, 2020	October 31, 2025	New issue	0.330	0.250	2.38x	$55 billion
September 23, 2020	September 30, 2020	September 30, 2025	New issue	0.275	0.250	2.52x	$53 billion
August 26, 2020	August 31, 2020	August 31, 2025	New issue	0.298	0.250	2.71x	$51 billion
July 27, 2020	July 31, 2020	July 31, 2025	New issue	0.288	0.250	2.32x	$49 billion
June 24, 2020	June 30, 2020	June 30, 2025	New issue	0.330	0.250	2.58x	$47 billion
May 27, 2020	June 1, 2020	May 31, 2025	New issue	0.334	0.250	2.28x	$45 billion
April 27, 2020	April 30, 2020	April 30, 2025	New issue	0.394	0.375	2.74x	$43 billion
March 25, 2020	March 31, 2020	March 31, 2025	New issue	0.535	0.500	2.53x	$41 billion
February 26, 2020	March 2, 2020	February 28, 2025	New issue	1.150	1.125	2.46x	$41 billion
January 27, 2020	January 31, 2020	January 31, 2025	New issue	1.448	1.375	2.33x	$41 billion
December 24, 2019	December 31, 2019	December 31, 2024	New issue	1.756	1.750	2.49x	$41 billion
November 26, 2019	December 2, 2019	November 30, 2024	New issue	1.587	1.500	2.50x	$41 billion
October 23, 2019	October 31, 2019	October 31, 2024	New issue	1.570	1.500	2.41x	$41 billion
September 25, 2019	September 30, 2019	September 30, 2024	New issue	1.600	1.500	2.32x	$41 billion
August 28, 2019	September 3, 2019	August 31, 2024	New issue	1.365	1.250	2.48x	$41 billion
July 24, 2019	July 31, 2019	July 31, 2024	New issue	1.824	1.750	2.26x	$41 billion
June 26, 2019	July 1, 2019	June 30, 2024	New issue	1.791	1.750	2.35x	$41 billion
May 28, 2019	May 31, 2019	May 31, 2024	Reopening	2.065	2.000	2.38x	$41 billion
April 24, 2019	April 30, 2019	April 30, 2024	New issue	2.315	2.250	2.44x	$41 billion
March 27, 2019	April 1, 2019	March 31, 2024	Reopening	2.172	2.125	2.35x	$41 billion
February 25, 2019	February 28, 2019	February 29, 2024	New issue	2.489	2.375	2.40x	$41 billion
January 28, 2019	January 31, 2019	January 31, 2024	New issue	2.576	2.500	2.41x	$41 billion
December 26, 2018	December 31, 2018	December 31, 2023	New issue	2.652	2.625	2.09x	$41 billion
November 27, 2018	November 30, 2018	November 30, 2023	New issue	2.880	2.875	2.49x	$40 billion
October 24, 2018	October 31, 2018	October 31, 2023	New issue	2.977	2.875	2.30x	$39 billion
September 25, 2018	October 1, 2018	September 30, 2023	New issue	2.997	2.875	2.39x	$38 billion
August 28, 2018	August 31, 2018	August 31, 2023	New issue	2.765	2.750	2.49x	$37 billion
July 25, 2018	July 31, 2018	July 31, 2023	New issue	2.815	2.750	2.61x	$36 billion

Showing the latest 100 of 202 stored auctions.

202 auction results since January 27, 2010.

Frequently Asked Questions

When is the next Treasury 5-Year Note auction?

No next 5-Year Note auction is announced yet.

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