Treasury supply

Inside the auction

Who is buying, at what yield, and how much demand is showing up? Explore Treasury auction results and compare bidder participation.

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Auction results
Date	Security	Size	Bid-to-cover	12-mean	Dealers	Indirects	High yield	Tail
27 Dec 2022	2-Year Note	$42 B	2.71×	2.80×	19.1 %	62.2 %	4.373 %	not computed
21 Nov 2022	2-Year Note	$42 B	2.64×	2.80×	20.6 %	57.0 %	4.505 %	not computed
26 Oct 2022	2-Year Note (FRN)	$24 B	2.65×	2.80×	25.9 %	72.6 %	—	not computed
25 Oct 2022	2-Year Note	$42 B	2.59×	2.80×	24.2 %	50.5 %	4.460 %	not computed
26 Sept 2022	2-Year Note	$43 B	2.51×	2.80×	22.2 %	53.0 %	4.290 %	not computed
23 Aug 2022	2-Year Note	$44 B	2.49×	2.80×	23.0 %	59.7 %	3.307 %	not computed
27 Jul 2022	2-Year Note (FRN)	$24 B	3.13×	2.80×	29.5 %	69.4 %	—	not computed
25 Jul 2022	2-Year Note	$45 B	2.58×	2.80×	18.0 %	62.0 %	3.015 %	not computed
27 Jun 2022	2-Year Note	$46 B	2.51×	2.80×	23.2 %	51.5 %	3.084 %	not computed
24 May 2022	2-Year Note	$47 B	2.61×	2.80×	15.4 %	62.6 %	2.519 %	not computed
27 Apr 2022	2-Year Note (FRN)	$24 B	2.51×	2.80×	49.6 %	29.5 %	—	not computed
26 Apr 2022	2-Year Note	$48 B	2.74×	2.80×	12.6 %	66.0 %	2.585 %	not computed
28 Mar 2022	2-Year Note	$50 B	2.46×	2.80×	19.4 %	55.0 %	2.365 %	not computed
22 Feb 2022	2-Year Note	$52 B	2.64×	2.80×	15.7 %	65.6 %	1.553 %	not computed
26 Jan 2022	2-Year Note (FRN)	$26 B	3.34×	2.80×	24.5 %	75.5 %	—	not computed
24 Jan 2022	2-Year Note	$54 B	2.81×	2.80×	24.6 %	66.0 %	0.990 %	not computed
27 Dec 2021	2-Year Note	$56 B	2.55×	2.80×	24.2 %	61.4 %	0.769 %	not computed
22 Nov 2021	2-Year Note	$58 B	2.36×	2.80×	37.2 %	45.6 %	0.623 %	not computed
27 Oct 2021	2-Year Note (FRN)	$28 B	2.99×	2.80×	34.1 %	65.0 %	—	not computed
26 Oct 2021	2-Year Note	$60 B	2.69×	2.80×	19.6 %	58.1 %	0.481 %	not computed
27 Sept 2021	2-Year Note	$60 B	2.28×	2.80×	33.0 %	45.3 %	0.310 %	not computed
24 Aug 2021	2-Year Note	$60 B	2.65×	2.80×	18.3 %	60.5 %	0.242 %	not computed
28 Jul 2021	2-Year Note (FRN)	$28 B	3.04×	2.80×	27.1 %	71.9 %	—	not computed
26 Jul 2021	2-Year Note	$60 B	2.47×	2.80×	26.0 %	52.8 %	0.213 %	not computed
22 Jun 2021	2-Year Note	$60 B	2.54×	2.80×	30.9 %	50.6 %	0.249 %	not computed
25 May 2021	2-Year Note	$60 B	2.74×	2.80×	24.9 %	57.1 %	0.152 %	not computed
27 Apr 2021	2-Year Note (FRN)	$28 B	2.91×	2.80×	36.8 %	59.7 %	—	not computed
26 Apr 2021	2-Year Note	$60 B	2.34×	2.80×	37.9 %	43.6 %	0.175 %	not computed
23 Mar 2021	2-Year Note	$60 B	2.54×	2.80×	31.7 %	50.7 %	0.152 %	not computed
23 Feb 2021	2-Year Note	$60 B	2.44×	2.80×	30.7 %	57.3 %	0.119 %	not computed
27 Jan 2021	2-Year Note (FRN)	$28 B	2.82×	2.80×	46.8 %	52.1 %	—	not computed
25 Jan 2021	2-Year Note	$60 B	2.67×	2.80×	27.7 %	56.6 %	0.125 %	not computed
28 Dec 2020	2-Year Note	$58 B	2.45×	2.80×	33.3 %	49.2 %	0.137 %	not computed
23 Nov 2020	2-Year Note	$56 B	2.71×	2.80×	38.3 %	46.1 %	0.165 %	not computed
28 Oct 2020	2-Year Note (FRN)	$26 B	3.22×	2.80×	42.1 %	57.6 %	—	not computed
27 Oct 2020	2-Year Note	$54 B	2.41×	2.80×	32.0 %	52.4 %	0.151 %	not computed
22 Sept 2020	2-Year Note	$52 B	2.42×	2.80×	33.4 %	52.5 %	0.136 %	not computed
25 Aug 2020	2-Year Note	$50 B	2.78×	2.80×	28.7 %	57.6 %	0.155 %	not computed
28 Jul 2020	2-Year Note (FRN)	$24 B	3.29×	2.80×	33.2 %	65.6 %	—	not computed
27 Jul 2020	2-Year Note	$48 B	2.34×	2.80×	39.3 %	45.8 %	0.155 %	not computed
23 Jun 2020	2-Year Note	$46 B	2.46×	2.80×	31.2 %	52.0 %	0.193 %	not computed
26 May 2020	2-Year Note	$44 B	2.68×	2.80×	32.1 %	53.1 %	0.178 %	not computed
28 Apr 2020	2-Year Note (FRN)	$22 B	3.02×	2.80×	31.5 %	51.4 %	—	not computed
27 Apr 2020	2-Year Note	$42 B	3.10×	2.80×	26.4 %	55.8 %	0.229 %	not computed
24 Mar 2020	2-Year Note	$40 B	2.36×	2.80×	36.3 %	55.2 %	0.398 %	not computed
25 Feb 2020	2-Year Note	$40 B	2.45×	2.80×	44.5 %	46.2 %	1.188 %	not computed
28 Jan 2020	2-Year Note (FRN)	$20 B	3.23×	2.80×	48.6 %	49.6 %	—	not computed
27 Jan 2020	2-Year Note	$40 B	2.65×	2.80×	30.2 %	49.1 %	1.440 %	not computed
23 Dec 2019	2-Year Note	$40 B	2.30×	2.80×	32.3 %	46.3 %	1.653 %	not computed
25 Nov 2019	2-Year Note	$40 B	2.63×	2.80×	23.1 %	47.8 %	1.601 %	not computed
23 Oct 2019	2-Year Note (FRN)	$20 B	2.58×	2.80×	52.2 %	46.6 %	—	not computed
22 Oct 2019	2-Year Note	$40 B	2.70×	2.80×	31.2 %	54.8 %	1.594 %	not computed
24 Sept 2019	2-Year Note	$40 B	2.64×	2.80×	27.1 %	57.0 %	1.612 %	not computed
27 Aug 2019	2-Year Note	$40 B	2.60×	2.80×	32.5 %	47.1 %	1.516 %	not computed
24 Jul 2019	2-Year Note (FRN)	$20 B	2.73×	2.80×	51.1 %	48.7 %	—	not computed
23 Jul 2019	2-Year Note	$40 B	2.50×	2.80×	31.6 %	43.5 %	1.825 %	not computed
25 Jun 2019	2-Year Note	$40 B	2.58×	2.80×	27.3 %	48.5 %	1.695 %	not computed
28 May 2019	2-Year Note	$40 B	2.75×	2.80×	26.2 %	46.6 %	2.125 %	not computed
24 Apr 2019	2-Year Note (FRN)	$20 B	2.68×	2.80×	60.2 %	38.5 %	—	not computed
23 Apr 2019	2-Year Note · reopening	$40 B	2.51×	2.80×	36.5 %	47.7 %	2.355 %	not computed

Older auctions →

* entered by the editor from a press source with a citation. JSON

Data freshness per source
Source	Last successful fetch	Status
Atlanta Fed Wage Growth Tracker	Tue 22 Sept 2026, 10:56 am ET	ok
BEA NIPA flat files	Tue 22 Sept 2026, 10:56 am ET	ok
BLS public API	Tue 22 Sept 2026, 10:56 am ET	ok
Federal Reserve FOMC calendar	Tue 22 Sept 2026, 10:56 am ET	ok
Federal Reserve FOMC statements	Tue 22 Sept 2026, 10:56 am ET	ok
Federal Reserve H.4.1 (data package)	Tue 22 Sept 2026, 10:56 am ET	ok
FRED (St. Louis Fed)	Tue 22 Sept 2026, 1:16 pm ET	ok
New York Fed ACM term premium	Tue 22 Sept 2026, 1:16 pm ET	ok
New York Fed Markets Data API	Tue 22 Sept 2026, 1:15 pm ET	ok
New York Fed Treasury securities operations (RMP, reinvestment)	Tue 22 Sept 2026, 10:55 am ET	ok
Treasury Fiscal Data	—	not yet fetched
Treasury International Capital (TIC)	Tue 22 Sept 2026, 12:15 pm ET	ok
TreasuryDirect auction web service	Tue 22 Sept 2026, 10:50 am ET	ok
U.S. Treasury XML feeds (yield curves, tentative schedules)	—	not yet fetched