The 5-Year Bond Auction (often referred to as the 5-Year Note Auction) issues medium-term U.S. government debt. This maturity is particularly important as it influences interest rates for various consumer loans, including auto loans and five-year adjustable-rate mortgages. The auction results provide insight into investor confidence regarding medium-term economic growth and inflation.
The Treasury sets a coupon rate based on the highest yield accepted during the competitive bidding process, ensuring the entire offering is sold.
| Date | Actual | Forecast | Surprise |
|---|---|---|---|
| Apr 28, 2025 | 2.33 | — | — |
| Nov 4, 2024 | 2.71 | — | — |
| Aug 26, 2024 | 2.56 | — | — |
| Apr 29, 2024 | 2.94 | — | — |
| Jan 8, 2024 | 2.63 | — | — |
| Jun 12, 2023 | 2.95 | — | — |
| May 22, 2023 | 2.98 | — | — |
| Apr 17, 2023 | 3.02 | — | — |
| Mar 20, 2023 | 2.66 | — | — |
| Feb 27, 2023 | 3.17 | — | — |
| Jan 30, 2023 | 2.86 | — | — |
| Nov 28, 2022 | 2.49 | — | — |
