Auction result
2-Year Treasury Note auction result for April 26, 2022
The 2-Year Treasury Note held on April 26, 2022 recorded an official high rate of 2.585% and a bid-to-cover ratio of 2.74. Bid-to-cover increased from 2.46 at the preceding comparable auction.
High yield
2.585%
Bid-to-cover
2.74
Direct bidders
18.4%
Primary dealers
10.8%
Comparable historical context
| Auction date | Series | Result | Bid-to-cover | Offering | Direct | Indirect | Dealers |
|---|---|---|---|---|---|---|---|
| 2022-04-26 | 2Y Note | High yield: 2.585% | 2.74 | $48.0B | 18.4% | 56.8% | 10.8% |
| 2022-03-28 | 2Y Note | High yield: 2.365% | 2.46 | $50.0B | 21.2% | 45.6% | 16.1% |
| 2022-02-22 | 2Y Note | High yield: 1.553% | 2.64 | $52.0B | 15.9% | 55.7% | 13.3% |
| 2022-01-24 | 2Y Note | High yield: 0.990% | 2.81 | $54.0B | 8.1% | 57.1% | 21.3% |
| 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% |