Auction result
2-Year Treasury Note auction result for July 27, 2026
The 2-Year Treasury Note held on July 27, 2026 recorded an official high rate of 4.315% and a bid-to-cover ratio of 2.66. Bid-to-cover increased from 2.64 at the preceding comparable auction.
High yield
4.315%
Bid-to-cover
2.66
Direct bidders
30.1%
Primary dealers
8.3%
Comparable historical context
| Auction date | Series | Result | Bid-to-cover | Offering | Direct | Indirect | Dealers |
|---|---|---|---|---|---|---|---|
| 2026-07-27 | 2Y Note | High yield: 4.315% | 2.66 | $69.0B | 30.1% | 50.1% | 8.3% |
| 2026-06-23 | 2Y Note | High yield: 4.189% | 2.64 | $69.0B | 29.4% | 47.6% | 8.8% |