Auction result
2-Year Treasury Note auction result for September 26, 2023
The 2-Year Treasury Note held on September 26, 2023 recorded an official high rate of 5.085% and a bid-to-cover ratio of 2.73. Bid-to-cover decreased from 2.94 at the preceding comparable auction.
High yield
5.085%
Bid-to-cover
2.73
Direct bidders
20.6%
Primary dealers
13.7%
Comparable historical context
| Auction date | Series | Result | Bid-to-cover | Offering | Direct | Indirect | Dealers |
|---|---|---|---|---|---|---|---|
| 2023-09-26 | 2Y Note | High yield: 5.085% | 2.73 | $48.0B | 20.6% | 63.9% | 13.7% |
| 2023-08-28 | 2Y Note | High yield: 5.024% | 2.94 | $45.0B | 17.8% | 57.8% | 13.3% |
| 2023-07-24 | 2Y Note | High yield: 4.823% | 2.78 | $42.0B | 20.4% | 64.3% | 13.5% |
| 2023-06-26 | 2Y Note | High yield: 4.670% | 2.86 | $42.0B | 18.0% | 67.7% | 13.2% |
| 2023-05-23 | 2Y Note | High yield: 4.300% | 2.90 | $42.0B | 13.0% | 57.0% | 13.5% |
| 2023-04-25 | 2Y Note | High yield: 3.969% | 2.68 | $42.0B | 17.9% | 55.2% | 17.1% |
| 2023-03-27 | 2Y Note | High yield: 3.954% | 2.44 | $42.0B | 23.8% | 52.1% | 22.7% |
| 2023-02-21 | 2Y Note | High yield: 4.673% | 2.61 | $42.0B | 18.4% | 49.7% | 12.0% |
| 2023-01-24 | 2Y Note | High yield: 4.139% | 2.94 | $42.0B | 18.5% | 64.0% | 16.0% |
| 2022-12-27 | 2Y Note | High yield: 4.373% | 2.71 | $42.0B | 18.3% | 61.0% | 18.7% |
| 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% |