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Treasury Auction
2-Year Note
March 24, 2026
F
Key Metrics
Offered
$69B
Bid-to-Cover
2.44
3th percentile
High Yield
3.936%
Tail
+10.6bp
100th pct (higher=worse)
Indirect
59.4%
34th percentile
Dealer
24.1%
Recent 2-Year Auctions
| Date | B/C | Tail | Indirect | Grade |
|---|---|---|---|---|
| February 24, 2026 | 2.63 | +2.5bp | 55.9% | D |
| 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- |