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Treasury Auction
2-Year Note
July 29, 2025
D+
Key Metrics
Offered
$30B
Bid-to-Cover
2.81
74th percentile
High Yield
—
Tail
—bp
Indirect
59.7%
19th percentile
Dealer
39.4%
Recent 2-Year Auctions
| Date | B/C | Tail | Indirect | Grade |
|---|---|---|---|---|
| July 28, 2025 | 2.62 | +1.0bp | 55.3% | D |
| June 24, 2025 | 2.58 | -5.4bp | 60.5% | C- |
| May 27, 2025 | 2.57 | —bp | 63.3% | D+ |
| April 23, 2025 | 2.69 | —bp | 48.6% | F |
| April 22, 2025 | 2.52 | +4.5bp | 56.2% | F |