2-Year Note · 28 Jul 2025
CUSIP 91282CNP2 · results published
- Offering
- $69.0 B
- Total tendered
- $185.6 B
- Total accepted
- $73.7 B
- Bid-to-cover
- 2.62×
- High yield
- 3.920 %
- Median yield
- 3.870 %
- Indirect bidders
- $37.87 B (55.3 %)
- Direct bidders
- $23.52 B (34.4 %)
- Primary dealers
- $7.05 B (10.3 %)
- SOMA
- $4.70 B
- Tail vs when-issued
- not computed
- Issue date
- 31 Jul 2025
Provenance
Source record: https://api.fiscaldata.treasury.gov/services/api/fiscal_service/v1/accounting/od/auctions_query?filter=cusip:eq:91282CNP2,auction_date:eq:2025-07-28 · results PDF R_20250728_2.pdf
Snapshot 6b6428474d32… fetched Tue 22 Sept 2026, 10:50 am ET from https://api.fiscaldata.treasury.gov/services/api/fiscal_service/v1/accounting/od/auctions_query?filter=auction_date%3Agte%3A2019-01-01&sort=-auction_date&page%5Bsize%5D=10000&page%5Bnumber%5D=1
Previous 2-Year auctions
| Date | Bid-to-cover | Dealers | Indirects | High yield |
|---|---|---|---|---|
| 25 Jun 2025 | 2.79× | 53.5 % | 45.6 % | — |
| 24 Jun 2025 | 2.58× | 13.2 % | 60.5 % | 3.786 % |
| 28 May 2025 | 2.95× | 34.9 % | 63.1 % | — |
| 27 May 2025 | 2.57× | 10.5 % | 63.3 % | 3.955 % |
| 23 Apr 2025 | 2.69× | 49.6 % | 48.6 % | — |
| 22 Apr 2025 | 2.52× | 13.7 % | 56.2 % | 3.795 % |
| 26 Mar 2025 | 2.87× | 34.2 % | 64.0 % | — |
| 25 Mar 2025 | 2.66× | 10.7 % | 75.8 % | 3.984 % |
| 26 Feb 2025 | 2.72× | 32.1 % | 66.1 % | — |
| 24 Feb 2025 | 2.56× | 6.9 % | 85.5 % | 4.169 % |
| 28 Jan 2025 | 3.01× | 20.9 % | 77.5 % | — |
| 27 Jan 2025 | 2.66× | 13.7 % | 65.0 % | 4.211 % |