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Treasury Auction
2-Year Note
April 27, 2026
D
Key Metrics
Offered
$69B
Bid-to-Cover
2.65
43th percentile
High Yield
3.812%
Tail
+3.2bp
86th pct (higher=worse)
Indirect
56.5%
20th percentile
Dealer
11.9%
Recent 2-Year Auctions
| Date | B/C | Tail | Indirect | Grade |
|---|---|---|---|---|
| March 24, 2026 | 2.44 | +10.6bp | 59.4% | F |
| 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 |