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Treasury Auction
2-Year Note
January 28, 2026
C+
Key Metrics
Offered
$30B
Bid-to-Cover
3.16
90th percentile
High Yield
—
Tail
—bp
Indirect
65.7%
61th percentile
Dealer
34.3%
Recent 2-Year Auctions
| Date | B/C | Tail | Indirect | Grade |
|---|---|---|---|---|
| January 26, 2026 | 2.75 | -2.0bp | 64.4% | C+ |
| December 22, 2025 | 2.54 | +1.9bp | 53.2% | F |
| November 24, 2025 | 2.68 | -2.1bp | 58.1% | C- |
| October 29, 2025 | 3.63 | —bp | 63.6% | C+ |
| October 27, 2025 | 2.59 | +2.4bp | 53.6% | F |