Auction result
2-Year Floating Rate Note auction result for July 29, 2026
The 2-Year Floating Rate Note held on July 29, 2026 and a bid-to-cover ratio of 3.37. Bid-to-cover increased from 2.99 at the preceding comparable auction.
High discount rate
—
Bid-to-cover
3.37
Direct bidders
0.0%
Primary dealers
33.1%
Comparable historical context
| Auction date | Series | Result | Bid-to-cover | Offering | Direct | Indirect | Dealers |
|---|---|---|---|---|---|---|---|
| 2026-07-29 | 2Y Note | High discount rate: — | 3.37 | $30.0B | 0.0% | 56.9% | 33.1% |
| 2026-06-24 | 1Y Note · reopening | High discount rate: — | 2.99 | $28.0B | 0.0% | 66.6% | 33.3% |
2-Year FRN history page is not yet available · Official result document