← All Auctions
Treasury Auction
2-Year Note
October 27, 2025
F
Key Metrics
Offered
$69B
Bid-to-Cover
2.59
33th percentile
High Yield
3.504%
Tail
+2.4bp
90th pct (higher=worse)
Indirect
53.6%
3th percentile
Dealer
11.6%
Recent 2-Year Auctions
| Date | B/C | Tail | Indirect | Grade |
|---|---|---|---|---|
| September 23, 2025 | 2.51 | -3.9bp | 57.8% | D+ |
| August 26, 2025 | 2.69 | -8.9bp | 57.1% | C+ |
| July 29, 2025 | 2.81 | —bp | 59.7% | D+ |
| July 28, 2025 | 2.62 | +1.0bp | 55.3% | D |
| June 24, 2025 | 2.58 | -5.4bp | 60.5% | C- |