Reopening
2-Year Floating Rate Note auction result for September 22, 2021
The 2-Year Floating Rate Note reopening held on September 22, 2021 and a bid-to-cover ratio of 2.84. Bid-to-cover decreased from 3.17 at the preceding comparable auction.
High discount rate
—
Bid-to-cover
2.84
Direct bidders
0.0%
Primary dealers
42.7%
Comparable historical context
| Auction date | Series | Result | Bid-to-cover | Offering | Direct | Indirect | Dealers |
|---|---|---|---|---|---|---|---|
| 2021-09-22 | 1Y Note · reopening | High discount rate: — | 2.84 | $26.0B | 0.0% | 57.2% | 42.7% |
| 2021-08-25 | 1Y Note · reopening | High discount rate: — | 3.17 | $26.0B | 1.3% | 69.0% | 29.6% |
2-Year FRN history page is not yet available · Official result document