Auction result
2-Year Treasury Note auction result for November 21, 2022
The 2-Year Treasury Note held on November 21, 2022 recorded an official high rate of 4.505% and a bid-to-cover ratio of 2.64. Bid-to-cover increased from 2.59 at the preceding comparable auction.
High yield
4.505%
Bid-to-cover
2.64
Direct bidders
19.7%
Primary dealers
18.1%
Comparable historical context
| Auction date | Series | Result | Bid-to-cover | Offering | Direct | Indirect | Dealers |
|---|---|---|---|---|---|---|---|
| 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% |
| 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% |