The Fiscal DeskFiscal policy. Monetary plumbing. Public data.
Independent research desk
Frameworks by James Lavish / Independent & unaffiliatedData as of Tue 22 Sept 2026, 1:16 pm ET

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
DateSecuritySizeBid-to-cover12-meanDealersIndirectsHigh yieldTail
22 Sept 20262-Year Noteannounced$69 B—2.80×———not computed
25 Aug 20262-Year Note$69 B2.60×2.80×10.9 %66.0 %4.204 %not computed
29 Jul 20262-Year Note (FRN)$30 B3.37×2.80×36.8 %63.2 %—not computed
27 Jul 20262-Year Note$69 B2.66×2.80×9.4 %56.6 %4.315 %not computed
23 Jun 20262-Year Note$69 B2.64×2.80×10.2 %55.5 %4.189 %not computed
26 May 20262-Year Note$69 B2.64×2.80×12.3 %57.6 %4.071 %not computed
28 Apr 20262-Year Note (FRN)$30 B3.52×2.80×34.3 %65.7 %—not computed
27 Apr 20262-Year Note$69 B2.65×2.80×11.9 %56.5 %3.812 %not computed
24 Mar 20262-Year Note$69 B2.44×2.80×24.1 %59.4 %3.936 %not computed
24 Feb 20262-Year Note$69 B2.63×2.80×9.8 %55.9 %3.455 %not computed
28 Jan 20262-Year Note (FRN)$30 B3.16×2.80×34.3 %65.7 %—not computed
26 Jan 20262-Year Note · reopening$69 B2.75×2.80×7.3 %64.4 %3.580 %not computed
22 Dec 20252-Year Note$69 B2.54×2.80×12.7 %53.2 %3.499 %not computed
24 Nov 20252-Year Note$69 B2.68×2.80×11.2 %58.1 %3.489 %not computed
29 Oct 20252-Year Note (FRN)$30 B3.63×2.80×34.9 %63.6 %—not computed
27 Oct 20252-Year Note$69 B2.59×2.80×11.6 %53.7 %3.504 %not computed
23 Sept 20252-Year Note$69 B2.51×2.80×11.5 %57.8 %3.571 %not computed
26 Aug 20252-Year Note$69 B2.69×2.80×9.7 %57.1 %3.641 %not computed
29 Jul 20252-Year Note (FRN)$30 B2.81×2.80×39.4 %59.7 %—not computed
28 Jul 20252-Year Note$69 B2.62×2.80×10.3 %55.3 %3.920 %not computed
24 Jun 20252-Year Note$69 B2.58×2.80×13.2 %60.5 %3.786 %not computed
27 May 20252-Year Note$69 B2.57×2.80×10.5 %63.3 %3.955 %not computed
23 Apr 20252-Year Note (FRN)$30 B2.69×2.80×49.6 %48.6 %—not computed
22 Apr 20252-Year Note$69 B2.52×2.80×13.7 %56.2 %3.795 %not computed
25 Mar 20252-Year Note$69 B2.66×2.80×10.7 %75.8 %3.984 %not computed
24 Feb 20252-Year Note$69 B2.56×2.80×6.9 %85.5 %4.169 %not computed
28 Jan 20252-Year Note (FRN)$30 B3.01×2.80×20.9 %77.5 %—not computed
27 Jan 20252-Year Note$69 B2.66×2.80×13.7 %65.0 %4.211 %not computed
23 Dec 20242-Year Note$69 B2.73×2.80×11.3 %82.1 %4.335 %not computed
25 Nov 20242-Year Note$69 B2.77×2.80×9.2 %71.6 %4.274 %not computed
29 Oct 20242-Year Note (FRN)$30 B2.95×2.80×23.5 %75.7 %—not computed
28 Oct 20242-Year Note$69 B2.50×2.80×17.9 %58.2 %4.130 %not computed
24 Sept 20242-Year Note$69 B2.59×2.80×12.8 %67.6 %3.520 %not computed
27 Aug 20242-Year Note$69 B2.68×2.80×11.9 %69.0 %3.874 %not computed
24 Jul 20242-Year Note (FRN)$30 B3.25×2.80×24.3 %74.8 %—not computed
23 Jul 20242-Year Note$69 B2.81×2.80×9.0 %76.6 %4.434 %not computed
25 Jun 20242-Year Note$69 B2.75×2.80×13.5 %65.6 %4.706 %not computed
28 May 20242-Year Note$69 B2.41×2.80×16.6 %57.9 %4.917 %not computed
24 Apr 20242-Year Note (FRN)$30 B3.33×2.80×36.3 %62.7 %—not computed
23 Apr 20242-Year Note$69 B2.66×2.80×15.1 %66.2 %4.898 %not computed
25 Mar 20242-Year Note$66 B2.62×2.80×13.4 %65.8 %4.595 %not computed
26 Feb 20242-Year Note$63 B2.49×2.80×14.7 %65.2 %4.691 %not computed
24 Jan 20242-Year Note (FRN)$28 B3.61×2.80×16.4 %83.5 %—not computed
23 Jan 20242-Year Note$60 B2.57×2.80×14.8 %65.3 %4.365 %not computed
26 Dec 20232-Year Note$57 B2.68×2.80×18.6 %61.9 %4.314 %not computed
27 Nov 20232-Year Note$54 B2.54×2.80×18.8 %57.4 %4.887 %not computed
25 Oct 20232-Year Note (FRN)$26 B3.23×2.80×28.2 %71.7 %—not computed
24 Oct 20232-Year Note$51 B2.64×2.80×17.6 %62.1 %5.055 %not computed
26 Sept 20232-Year Note$48 B2.73×2.80×14.0 %65.0 %5.085 %not computed
28 Aug 20232-Year Note$45 B2.94×2.80×15.0 %65.0 %5.024 %not computed
26 Jul 20232-Year Note (FRN)$24 B2.58×2.80×46.7 %53.3 %—not computed
24 Jul 20232-Year Note$42 B2.78×2.80×13.8 %65.5 %4.823 %not computed
26 Jun 20232-Year Note$42 B2.86×2.80×13.3 %68.5 %4.670 %not computed
23 May 20232-Year Note$42 B2.90×2.80×16.2 %68.2 %4.300 %not computed
26 Apr 20232-Year Note (FRN)$24 B3.04×2.80×29.2 %69.4 %—not computed
25 Apr 20232-Year Note$42 B2.68×2.80×18.9 %61.2 %3.969 %not computed
27 Mar 20232-Year Note$42 B2.44×2.80×23.0 %52.8 %3.954 %not computed
21 Feb 20232-Year Note$42 B2.61×2.80×15.0 %62.0 %4.673 %not computed
25 Jan 20232-Year Note (FRN)$24 B2.80×2.80×32.5 %67.4 %—not computed
24 Jan 20232-Year Note$42 B2.94×2.80×16.3 %65.0 %4.139 %not computed

Older auctions →

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