← All Auctions

Treasury Auction

2-Year Note

December 22, 2025

F

Key Metrics

Offered

$69B

Bid-to-Cover

2.54

th percentile

High Yield

3.499%

Tail

bp

Indirect

53.2%

Dealer

12.7%

Recent 2-Year Auctions

DateB/CTailIndirectGrade
November 24, 20252.68bp58.1%F
October 29, 20253.63bp63.6%F
October 27, 20252.59bp53.6%F
September 23, 20252.51bp57.8%F
August 26, 20252.69bp57.1%F

2-Year Trends

Bid-to-Cover History

Indirect Bidder Allocation History