← All Auctions
Treasury Auction
2-Year Note
September 22, 2026
D
Key Metrics
Offered
$69B
Bid-to-Cover
2.63
40th percentile
High Yield
4.787%
Tail
+2.7bp
82th pct (higher=worse)
Indirect
57.8%
40th percentile
Dealer
13.2%
Recent 2-Year Auctions
| Date | B/C | Tail | Indirect | Grade |
|---|---|---|---|---|
| August 25, 2026 | 2.60 | -3.6bp | 66.0% | C+ |
| July 27, 2026 | 2.66 | -1.5bp | 56.6% | C- |
| June 23, 2026 | 2.64 | -5.1bp | 55.5% | C- |
| May 26, 2026 | 2.64 | —bp | 57.5% | D+ |
| April 27, 2026 | 2.65 | +3.2bp | 56.5% | D |