Reopening
2-Year Floating Rate Note auction result for March 23, 2022
The 2-Year Floating Rate Note reopening held on March 23, 2022 and a bid-to-cover ratio of 3.75. Bid-to-cover increased from 3.22 at the preceding comparable auction.
High discount rate
—
Bid-to-cover
3.75
Direct bidders
0.0%
Primary dealers
23.7%
Comparable historical context
| Auction date | Series | Result | Bid-to-cover | Offering | Direct | Indirect | Dealers |
|---|---|---|---|---|---|---|---|
| 2022-03-23 | 1Y Note · reopening | High discount rate: — | 3.75 | $22.0B | 0.0% | 76.0% | 23.7% |
| 2022-02-23 | 1Y Note · reopening | High discount rate: — | 3.22 | $22.0B | 0.0% | 72.7% | 27.2% |
| 2022-01-26 | 2Y Note | High discount rate: — | 3.34 | $26.0B | 0.0% | 65.6% | 21.3% |
| 2021-12-29 | 1Y Note · reopening | High discount rate: — | 4.03 | $24.0B | 10.7% | 48.0% | 29.3% |
| 2021-11-23 | 1Y Note · reopening | High discount rate: — | 2.80 | $24.0B | 1.2% | 77.5% | 21.1% |
| 2021-10-27 | 2Y Note | High discount rate: — | 2.99 | $28.0B | 0.8% | 58.9% | 30.9% |
| 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