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.
60 complete comparable auctions stored · history threshold met
High yield
4.204%
Bid-to-cover
2.60
Offering amount
$69.0B
Indirect bidders
57.7%
The 2-Year Treasury Note held on August 25, 2026 recorded an official high rate of 4.204% and a bid-to-cover ratio of 2.60. Bid-to-cover decreased from 2.66 at the preceding comparable auction.
Comparable auction history
Actual auction dates with no interpolation.
Range: 2.44 to 2.77 · latest 2.60
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 |
|---|---|---|---|---|---|---|---|
| 2026-08-25 | 2Y Note | High yield: 4.204% | 2.60 | $69.0B | 20.2% | 57.7% | 9.5% |
| 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% |
| 2026-05-26 | 2Y Note | High yield: 4.071% | 2.64 | $69.0B | 26.0% | 49.6% | 10.6% |
| 2026-04-27 | 2Y Note | High yield: 3.812% | 2.65 | $69.0B | 27.8% | 49.7% | 10.4% |
| 2026-03-24 | 2Y Note | High yield: 3.936% | 2.44 | $69.0B | 14.8% | 53.4% | 21.7% |
| 2026-02-24 | 2Y Note | High yield: 3.455% | 2.63 | $69.0B | 30.5% | 49.7% | 8.7% |
| 2025-12-22 | 2Y Note | High yield: 3.499% | 2.54 | $69.0B | 30.6% | 47.9% | 11.5% |
| 2025-11-24 | 2Y Note | High yield: 3.489% | 2.68 | $69.0B | 27.5% | 51.9% | 10.0% |
| 2025-10-27 | 2Y Note | High yield: 3.504% | 2.59 | $69.0B | 32.6% | 50.3% | 10.9% |
| 2025-09-23 | 2Y Note | High yield: 3.571% | 2.51 | $69.0B | 29.0% | 54.5% | 10.8% |
| 2025-08-26 | 2Y Note | High yield: 3.641% | 2.69 | $69.0B | 29.3% | 50.5% | 8.6% |
| 2025-07-28 | 2Y Note | High yield: 3.920% | 2.62 | $69.0B | 31.9% | 51.4% | 9.6% |
| 2025-06-24 | 2Y Note | High yield: 3.786% | 2.58 | $69.0B | 23.8% | 54.8% | 11.9% |
| 2025-05-27 | 2Y Note | High yield: 3.955% | 2.57 | $69.0B | 22.9% | 55.5% | 9.2% |
| 2025-04-22 | 2Y Note | High yield: 3.795% | 2.52 | $69.0B | 28.0% | 52.3% | 12.8% |
| 2025-03-25 | 2Y Note | High yield: 3.984% | 2.66 | $69.0B | 13.1% | 73.0% | 10.3% |
| 2025-02-24 | 2Y Note | High yield: 4.169% | 2.56 | $69.0B | 6.9% | 77.0% | 6.2% |
| 2025-01-27 | 2Y Note | High yield: 4.211% | 2.66 | $69.0B | 19.9% | 60.8% | 12.8% |
| 2024-12-23 | 2Y Note | High yield: 4.335% | 2.73 | $69.0B | 6.5% | 80.6% | 11.1% |
| 2024-11-25 | 2Y Note | High yield: 4.274% | 2.77 | $69.0B | 17.8% | 66.4% | 8.5% |
| 2024-10-28 | 2Y Note | High yield: 4.130% | 2.50 | $69.0B | 23.3% | 56.8% | 17.5% |
| 2024-09-24 | 2Y Note | High yield: 3.520% | 2.59 | $69.0B | 19.0% | 65.5% | 12.4% |
| 2024-08-27 | 2Y Note | High yield: 3.874% | 2.68 | $69.0B | 17.5% | 63.1% | 10.9% |
| 2024-07-23 | 2Y Note | High yield: 4.434% | 2.81 | $69.0B | 13.5% | 71.8% | 8.4% |
| 2024-06-25 | 2Y Note | High yield: 4.706% | 2.75 | $69.0B | 20.0% | 62.5% | 12.9% |
| 2024-05-28 | 2Y Note | High yield: 4.917% | 2.41 | $69.0B | 23.8% | 54.1% | 15.5% |
| 2024-04-23 | 2Y Note | High yield: 4.898% | 2.66 | $69.0B | 18.3% | 64.9% | 14.8% |
| 2024-03-25 | 2Y Note | High yield: 4.595% | 2.62 | $66.0B | 20.6% | 65.0% | 13.2% |
| 2024-02-26 | 2Y Note | High yield: 4.691% | 2.49 | $63.0B | 19.1% | 61.8% | 14.0% |
| 2024-01-23 | 2Y Note | High yield: 4.365% | 2.57 | $60.0B | 19.7% | 64.7% | 14.7% |
| 2023-12-26 | 2Y Note | High yield: 4.314% | 2.68 | $57.0B | 19.3% | 61.1% | 18.4% |
| 2023-11-27 | 2Y Note | High yield: 4.887% | 2.54 | $54.0B | 23.3% | 56.0% | 18.3% |
| 2023-10-24 | 2Y Note | High yield: 5.055% | 2.64 | $51.0B | 20.1% | 61.2% | 17.4% |
| 2023-09-26 | 2Y Note | High yield: 5.085% | 2.73 | $48.0B | 20.6% | 63.9% | 13.7% |
| 2023-08-28 | 2Y Note | High yield: 5.024% | 2.94 | $45.0B | 17.8% | 57.8% | 13.3% |
| 2023-07-24 | 2Y Note | High yield: 4.823% | 2.78 | $42.0B | 20.4% | 64.3% | 13.5% |
| 2023-06-26 | 2Y Note | High yield: 4.670% | 2.86 | $42.0B | 18.0% | 67.7% | 13.2% |
| 2023-05-23 | 2Y Note | High yield: 4.300% | 2.90 | $42.0B | 13.0% | 57.0% | 13.5% |
| 2023-04-25 | 2Y Note | High yield: 3.969% | 2.68 | $42.0B | 17.9% | 55.2% | 17.1% |
| 2023-03-27 | 2Y Note | High yield: 3.954% | 2.44 | $42.0B | 23.8% | 52.1% | 22.7% |
| 2023-02-21 | 2Y Note | High yield: 4.673% | 2.61 | $42.0B | 18.4% | 49.7% | 12.0% |
| 2023-01-24 | 2Y Note | High yield: 4.139% | 2.94 | $42.0B | 18.5% | 64.0% | 16.0% |
| 2022-12-27 | 2Y Note | High yield: 4.373% | 2.71 | $42.0B | 18.3% | 61.0% | 18.7% |
| 2022-11-21 | 2Y Note | High yield: 4.505% | 2.64 | $42.0B | 19.7% | 50.1% | 18.1% |
| 2022-10-25 | 2Y Note | High yield: 4.460% | 2.59 | $42.0B | 24.4% | 48.7% | 23.4% |
| 2022-09-26 | 2Y Note | High yield: 4.290% | 2.51 | $43.0B | 23.8% | 50.7% | 21.2% |
| 2022-08-23 | 2Y Note | High yield: 3.307% | 2.49 | $44.0B | 15.0% | 51.7% | 19.9% |
| 2022-07-25 | 2Y Note | High yield: 3.015% | 2.58 | $45.0B | 18.1% | 56.1% | 16.2% |
| 2022-06-27 | 2Y Note | High yield: 3.084% | 2.51 | $46.0B | 23.0% | 46.9% | 21.2% |
| 2022-05-24 | 2Y Note | High yield: 2.519% | 2.61 | $47.0B | 18.9% | 53.5% | 13.1% |
| 2022-04-26 | 2Y Note | High yield: 2.585% | 2.74 | $48.0B | 18.4% | 56.8% | 10.8% |