notes · official results
2-Year Treasury Note auction results
The 2-year note is closely watched around expectations for the near-term federal-funds path. Compare its auctions only with other nominal 2-year note sales, including clearly labeled reopenings.
2 complete comparable auctions stored · noindex until 24 complete auctions are available
High yield
4.315%
Bid-to-cover
2.66
Offering amount
$69.0B
Indirect bidders
50.1%
The 2-Year Treasury Note held on July 27, 2026 recorded an official high rate of 4.315% and a bid-to-cover ratio of 2.66. Bid-to-cover increased from 2.64 at the preceding comparable auction.
Comparable auction history
Actual auction dates with no interpolation.
Range: 2.64 to 2.66 · latest 2.66
Recent comparable auctions
The table is available in the server-rendered response as an accessible alternative to the chart.
| Auction date | Series | Result | Bid-to-cover | Offering | Direct | Indirect | Dealers |
|---|---|---|---|---|---|---|---|
| 2026-07-27 | 2Y Note | High yield: 4.315% | 2.66 | $69.0B | 30.1% | 50.1% | 8.3% |
| 2026-06-23 | 2Y Note | High yield: 4.189% | 2.64 | $69.0B | 29.4% | 47.6% | 8.8% |