← All Auctions
Treasury Auction
2-Year Note
February 24, 2026
D
Key Metrics
Offered
$69B
Bid-to-Cover
2.63
41th percentile
High Yield
3.455%
Tail
+2.5bp
91th pct (higher=worse)
Indirect
55.9%
13th percentile
Dealer
9.8%
Recent 2-Year Auctions
| Date | B/C | Tail | Indirect | Grade |
|---|---|---|---|---|
| January 28, 2026 | 3.16 | —bp | 65.7% | C+ |
| 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+ |