Treasury 2-Year Note Auction Dates and Results

From the US Treasury. Auction dates are calendar dates; rates are in percent.

Next auction

No next auction is announced yet.

The latest 2-Year Note auction, held on October 26, 2026, had a high yield of 4.708% and a bid-to-cover ratio of 2.59x. The high yield was down 0.079 percentage points from 4.787% at the September 22, 2026 auction, and bid-to-cover was down 0.04x from 2.63x. Reopenings of the same security are included under the 2-Year Note.

Source: US Treasury (TreasuryDirect)

Updated October 26, 2026

Treasury 2-Year Note, actuals

July 24, 2018October 26, 2026

High yield, percent

Past auctions

Past 2-Year Note auction dates, results, bid-to-cover ratios and sizes
Auction date	Issue date	Maturity	Issue	High yield (%)	Coupon (%)	Bid-to-cover	Offered
October 26, 2026	November 2, 2026	October 31, 2028	New issue	4.708	4.625	2.59x	$69 billion
September 22, 2026	September 30, 2026	September 30, 2028	New issue	4.787	4.750	2.63x	$69 billion
August 25, 2026	August 31, 2026	August 31, 2028	New issue	4.204	4.125	2.60x	$69 billion
July 27, 2026	July 31, 2026	July 31, 2028	New issue	4.315	4.250	2.66x	$69 billion
June 23, 2026	June 30, 2026	June 30, 2028	New issue	4.189	4.125	2.64x	$69 billion
May 26, 2026	June 1, 2026	May 31, 2028	New issue	4.071	4.000	2.64x	$69 billion
April 27, 2026	April 30, 2026	April 30, 2028	New issue	3.812	3.750	2.65x	$69 billion
March 24, 2026	March 31, 2026	March 31, 2028	New issue	3.936	3.875	2.44x	$69 billion
February 24, 2026	March 2, 2026	February 29, 2028	New issue	3.455	3.375	2.63x	$69 billion
January 26, 2026	February 2, 2026	January 31, 2028	Reopening	3.580	3.500	2.75x	$69 billion
December 22, 2025	December 31, 2025	December 31, 2027	New issue	3.499	3.375	2.54x	$69 billion
November 24, 2025	December 1, 2025	November 30, 2027	New issue	3.489	3.375	2.68x	$69 billion
October 27, 2025	October 31, 2025	October 31, 2027	New issue	3.504	3.500	2.59x	$69 billion
September 23, 2025	September 30, 2025	September 30, 2027	New issue	3.571	3.500	2.51x	$69 billion
August 26, 2025	September 2, 2025	August 31, 2027	New issue	3.641	3.625	2.69x	$69 billion
July 28, 2025	July 31, 2025	July 31, 2027	New issue	3.920	3.875	2.62x	$69 billion
June 24, 2025	June 30, 2025	June 30, 2027	New issue	3.786	3.750	2.58x	$69 billion
May 27, 2025	June 2, 2025	May 31, 2027	New issue	3.955	3.875	2.57x	$69 billion
April 22, 2025	April 30, 2025	April 30, 2027	New issue	3.795	3.750	2.52x	$69 billion
March 25, 2025	March 31, 2025	March 31, 2027	New issue	3.984	3.875	2.66x	$69 billion
February 24, 2025	February 28, 2025	February 28, 2027	New issue	4.169	4.125	2.56x	$69 billion
January 27, 2025	January 31, 2025	January 31, 2027	New issue	4.211	4.125	2.66x	$69 billion
December 23, 2024	December 31, 2024	December 31, 2026	New issue	4.335	4.250	2.73x	$69 billion
November 25, 2024	December 2, 2024	November 30, 2026	New issue	4.274	4.250	2.77x	$69 billion
October 28, 2024	October 31, 2024	October 31, 2026	New issue	4.130	4.125	2.50x	$69 billion
September 24, 2024	September 30, 2024	September 30, 2026	New issue	3.520	3.500	2.59x	$69 billion
August 27, 2024	September 3, 2024	August 31, 2026	New issue	3.874	3.750	2.68x	$69 billion
July 23, 2024	July 31, 2024	July 31, 2026	New issue	4.434	4.375	2.81x	$69 billion
June 25, 2024	July 1, 2024	June 30, 2026	New issue	4.706	4.625	2.75x	$69 billion
May 28, 2024	May 31, 2024	May 31, 2026	New issue	4.917	4.875	2.41x	$69 billion
April 23, 2024	April 30, 2024	April 30, 2026	New issue	4.898	4.875	2.66x	$69 billion
March 25, 2024	April 1, 2024	March 31, 2026	New issue	4.595	4.500	2.62x	$66 billion
February 26, 2024	February 29, 2024	February 28, 2026	New issue	4.691	4.625	2.49x	$63 billion
January 23, 2024	January 31, 2024	January 31, 2026	New issue	4.365	4.250	2.57x	$60 billion
December 26, 2023	January 2, 2024	December 31, 2025	New issue	4.314	4.250	2.68x	$57 billion
November 27, 2023	November 30, 2023	November 30, 2025	New issue	4.887	4.875	2.54x	$54 billion
October 24, 2023	October 31, 2023	October 31, 2025	New issue	5.055	5.000	2.64x	$51 billion
September 26, 2023	October 2, 2023	September 30, 2025	New issue	5.085	5.000	2.73x	$48 billion
August 28, 2023	August 31, 2023	August 31, 2025	New issue	5.024	5.000	2.94x	$45 billion
July 24, 2023	July 31, 2023	July 31, 2025	New issue	4.823	4.750	2.78x	$42 billion
June 26, 2023	June 30, 2023	June 30, 2025	New issue	4.670	4.625	2.86x	$42 billion
May 23, 2023	May 31, 2023	May 31, 2025	New issue	4.300	4.250	2.90x	$42 billion
April 25, 2023	May 1, 2023	April 30, 2025	New issue	3.969	3.875	2.68x	$42 billion
March 27, 2023	March 31, 2023	March 31, 2025	New issue	3.954	3.875	2.44x	$42 billion
February 21, 2023	February 28, 2023	February 28, 2025	New issue	4.673	4.625	2.61x	$42 billion
January 24, 2023	January 31, 2023	January 31, 2025	New issue	4.139	4.125	2.94x	$42 billion
December 27, 2022	January 3, 2023	December 31, 2024	New issue	4.373	4.250	2.71x	$42 billion
November 21, 2022	November 30, 2022	November 30, 2024	New issue	4.505	4.500	2.64x	$42 billion
October 25, 2022	October 31, 2022	October 31, 2024	New issue	4.460	4.375	2.59x	$42 billion
September 26, 2022	September 30, 2022	September 30, 2024	New issue	4.290	4.250	2.51x	$43 billion
August 23, 2022	August 31, 2022	August 31, 2024	New issue	3.307	3.250	2.49x	$44 billion
July 25, 2022	August 1, 2022	July 31, 2024	New issue	3.015	3.000	2.58x	$45 billion
June 27, 2022	June 30, 2022	June 30, 2024	New issue	3.084	3.000	2.51x	$46 billion
May 24, 2022	May 31, 2022	May 31, 2024	New issue	2.519	2.500	2.61x	$47 billion
April 26, 2022	May 2, 2022	April 30, 2024	New issue	2.585	2.500	2.74x	$48 billion
March 28, 2022	March 31, 2022	March 31, 2024	New issue	2.365	2.250	2.46x	$50 billion
February 22, 2022	February 28, 2022	February 29, 2024	New issue	1.553	1.500	2.64x	$52 billion
January 24, 2022	January 31, 2022	January 31, 2024	New issue	0.990	0.875	2.81x	$54 billion
December 27, 2021	December 31, 2021	December 31, 2023	New issue	0.769	0.750	2.55x	$56 billion
November 22, 2021	November 30, 2021	November 30, 2023	New issue	0.623	0.500	2.36x	$58 billion
October 26, 2021	November 1, 2021	October 31, 2023	New issue	0.481	0.375	2.69x	$60 billion
September 27, 2021	September 30, 2021	September 30, 2023	New issue	0.310	0.250	2.28x	$60 billion
August 24, 2021	August 31, 2021	August 31, 2023	New issue	0.242	0.125	2.65x	$60 billion
July 26, 2021	August 2, 2021	July 31, 2023	New issue	0.213	0.125	2.47x	$60 billion
June 22, 2021	June 30, 2021	June 30, 2023	New issue	0.249	0.125	2.54x	$60 billion
May 25, 2021	June 1, 2021	May 31, 2023	New issue	0.152	0.125	2.74x	$60 billion
April 26, 2021	April 30, 2021	April 30, 2023	New issue	0.175	0.125	2.34x	$60 billion
March 23, 2021	March 31, 2021	March 31, 2023	New issue	0.152	0.125	2.54x	$60 billion
February 23, 2021	March 1, 2021	February 28, 2023	New issue	0.119	0.125	2.44x	$60 billion
January 25, 2021	February 1, 2021	January 31, 2023	New issue	0.125	0.125	2.67x	$60 billion
December 28, 2020	December 31, 2020	December 31, 2022	New issue	0.137	0.125	2.45x	$58 billion
November 23, 2020	November 30, 2020	November 30, 2022	New issue	0.165	0.125	2.71x	$56 billion
October 27, 2020	November 2, 2020	October 31, 2022	New issue	0.151	0.125	2.41x	$54 billion
September 22, 2020	September 30, 2020	September 30, 2022	New issue	0.136	0.125	2.42x	$52 billion
August 25, 2020	August 31, 2020	August 31, 2022	New issue	0.155	0.125	2.78x	$50 billion
July 27, 2020	July 31, 2020	July 31, 2022	New issue	0.155	0.125	2.34x	$48 billion
June 23, 2020	June 30, 2020	June 30, 2022	New issue	0.193	0.125	2.46x	$46 billion
May 26, 2020	June 1, 2020	May 31, 2022	New issue	0.178	0.125	2.68x	$44 billion
April 27, 2020	April 30, 2020	April 30, 2022	New issue	0.229	0.125	3.10x	$42 billion
March 24, 2020	March 31, 2020	March 31, 2022	New issue	0.398	0.375	2.36x	$40 billion
February 25, 2020	March 2, 2020	February 28, 2022	New issue	1.188	1.125	2.45x	$40 billion
January 27, 2020	January 31, 2020	January 31, 2022	New issue	1.440	1.375	2.65x	$40 billion
December 23, 2019	December 31, 2019	December 31, 2021	New issue	1.653	1.625	2.30x	$40 billion
November 25, 2019	December 2, 2019	November 30, 2021	New issue	1.601	1.500	2.63x	$40 billion
October 22, 2019	October 31, 2019	October 31, 2021	New issue	1.594	1.500	2.70x	$40 billion
September 24, 2019	September 30, 2019	September 30, 2021	New issue	1.612	1.500	2.64x	$40 billion
August 27, 2019	September 3, 2019	August 31, 2021	New issue	1.516	1.500	2.60x	$40 billion
July 23, 2019	July 31, 2019	July 31, 2021	New issue	1.825	1.750	2.50x	$40 billion
June 25, 2019	July 1, 2019	June 30, 2021	New issue	1.695	1.625	2.58x	$40 billion
May 28, 2019	May 31, 2019	May 31, 2021	New issue	2.125	2.125	2.75x	$40 billion
April 23, 2019	April 30, 2019	April 30, 2021	Reopening	2.355	2.250	2.51x	$40 billion
March 26, 2019	April 1, 2019	March 31, 2021	Reopening	2.261	2.250	2.60x	$40 billion
February 25, 2019	February 28, 2019	February 28, 2021	New issue	2.503	2.500	2.50x	$40 billion
January 28, 2019	January 31, 2019	January 31, 2021	New issue	2.600	2.500	2.56x	$40 billion
December 24, 2018	December 31, 2018	December 31, 2020	New issue	2.619	2.500	2.31x	$40 billion
November 26, 2018	November 30, 2018	November 30, 2020	New issue	2.836	2.750	2.65x	$39 billion
October 23, 2018	October 31, 2018	October 31, 2020	New issue	2.880	2.875	2.67x	$38 billion
September 24, 2018	October 1, 2018	September 30, 2020	New issue	2.829	2.750	2.44x	$37 billion
August 27, 2018	August 31, 2018	August 31, 2020	New issue	2.655	2.625	2.89x	$36 billion
July 24, 2018	July 31, 2018	July 31, 2020	New issue	2.657	2.625	2.92x	$35 billion

Showing the latest 100 of 202 stored auctions.

202 auction results since January 26, 2010.

Frequently Asked Questions

When is the next Treasury 2-Year Note auction?

No next 2-Year Note auction is announced yet.

What was the latest Treasury 2-Year Note auction result?

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