← All Auctions
Treasury Auction
2-Year Note
November 24, 2025
C-
Key Metrics
Offered
$69B
Bid-to-Cover
2.68
53th percentile
High Yield
3.489%
Tail
-2.1bp
52th pct (higher=worse)
Indirect
58.1%
25th percentile
Dealer
11.2%
Recent 2-Year Auctions
| Date | B/C | Tail | Indirect | Grade |
|---|---|---|---|---|
| October 29, 2025 | 3.63 | —bp | 63.6% | C+ |
| October 27, 2025 | 2.59 | +2.4bp | 53.6% | F |
| 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+ |