Auction result
2-Year Treasury Note auction result for December 27, 2021
The 2-Year Treasury Note held on December 27, 2021 recorded an official high rate of 0.769% and a bid-to-cover ratio of 2.55. Bid-to-cover increased from 2.36 at the preceding comparable auction.
High yield
0.769%
Bid-to-cover
2.55
Direct bidders
12.6%
Primary dealers
21.2%
Comparable historical context
| Auction date | Series | Result | Bid-to-cover | Offering | Direct | Indirect | Dealers |
|---|---|---|---|---|---|---|---|
| 2021-12-27 | 2Y Note | High yield: 0.769% | 2.55 | $56.0B | 12.6% | 53.8% | 21.2% |
| 2021-11-22 | 2Y Note | High yield: 0.623% | 2.36 | $58.0B | 15.8% | 42.0% | 34.3% |
| 2021-10-26 | 2Y Note | High yield: 0.481% | 2.69 | $60.0B | 20.2% | 52.6% | 17.7% |
| 2021-09-27 | 2Y Note | High yield: 0.310% | 2.28 | $60.0B | 19.3% | 40.4% | 29.4% |
| 2021-08-24 | 2Y Note | High yield: 0.242% | 2.65 | $60.0B | 18.8% | 53.7% | 16.2% |