2-Year Note · 24 Nov 2025
CUSIP 91282CPL9 · results published
- Offering
- $69.0 B
- Total tendered
- $193.1 B
- Total accepted
- $76.9 B
- Bid-to-cover
- 2.68×
- High yield
- 3.489 %
- Median yield
- 3.434 %
- Indirect bidders
- $39.90 B (58.1 %)
- Direct bidders
- $21.12 B (30.7 %)
- Primary dealers
- $7.68 B (11.2 %)
- SOMA
- $7.89 B
- Tail vs when-issued
- not computed
- Issue date
- 1 Dec 2025
Provenance
Source record: https://api.fiscaldata.treasury.gov/services/api/fiscal_service/v1/accounting/od/auctions_query?filter=cusip:eq:91282CPL9,auction_date:eq:2025-11-24 · results PDF R_20251124_3.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 |
|---|---|---|---|---|
| 29 Oct 2025 | 3.63× | 34.9 % | 63.6 % | — |
| 27 Oct 2025 | 2.59× | 11.6 % | 53.7 % | 3.504 % |
| 24 Sept 2025 | 3.15× | 28.9 % | 70.2 % | — |
| 23 Sept 2025 | 2.51× | 11.5 % | 57.8 % | 3.571 % |
| 27 Aug 2025 | 3.22× | 21.4 % | 77.9 % | — |
| 26 Aug 2025 | 2.69× | 9.7 % | 57.1 % | 3.641 % |
| 29 Jul 2025 | 2.81× | 39.4 % | 59.7 % | — |
| 28 Jul 2025 | 2.62× | 10.3 % | 55.3 % | 3.920 % |
| 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 % |