An independent publication
Vol. I, No. 6 Afternoon Edition
A civic journal of money and credit
Live Federal Reserve rates, FOMC decisions, speeches, and Treasury data, with every figure copied from the agency that published it.
Treasury data
The latest auction of this security in the snapshot was the 2-Year Treasury note on Sep 22, 2026, with a high yield of 4.787% and a bid-to-cover ratio of 2.630, according to the Treasury’s Fiscal Data auction file.
Source: U.S. Department of the Treasury, Fiscal Data, Treasury securities auctions · Published · Updated
Recent results of the 2-Year Treasury note auctions, copied from Fiscal Data, with what changed from the auction before.
One point per auction, percent, as Treasury published it. This is the highest yield accepted. Auctions of other terms are in the table.
Source: U.S. Department of the Treasury, Fiscal Data, Treasury securities auctions, standard terms · as of · retrieved
| Auction date | High yield |
|---|---|
| Sep 22, 2026 | 4.787% |
| Aug 25, 2026 | 4.204% |
| Jul 27, 2026 | 4.315% |
| Jun 23, 2026 | 4.189% |
| May 26, 2026 | 4.071% |
| Apr 27, 2026 | 3.812% |
| Mar 24, 2026 | 3.936% |
| Feb 24, 2026 | 3.455% |
| Jan 26, 2026 | 3.580% |
| Dec 22, 2025 | 3.499% |
| Nov 24, 2025 | 3.489% |
| Oct 27, 2025 | 3.504% |
One point per auction. The ratio is the figure Treasury published, shown to three decimal places. A higher ratio means more bids were received for each dollar sold.
Source: U.S. Department of the Treasury, Fiscal Data, Treasury securities auctions, standard terms · as of · retrieved
| Auction date | Bid-to-cover |
|---|---|
| Sep 22, 2026 | 2.630 |
| Aug 25, 2026 | 2.600 |
| Jul 29, 2026 | 3.370 |
| Jul 27, 2026 | 2.660 |
| Jun 23, 2026 | 2.640 |
| May 26, 2026 | 2.640 |
| Apr 28, 2026 | 3.520 |
| Apr 27, 2026 | 2.650 |
| Mar 24, 2026 | 2.440 |
| Feb 24, 2026 | 2.630 |
| Jan 28, 2026 | 3.160 |
| Jan 26, 2026 | 2.750 |
The latest high yield at 2-Year Treasury note auctions print is 4.787% on Sep 22, 2026, higher than the auction before it, 4.204% on Aug 25, 2026.
The latest bid-to-cover at 2-Year Treasury note auctions print is 2.630 on Sep 22, 2026, higher than the auction before it, 2.600 on Aug 25, 2026.
As of Sep 22, 2026 · Compared with the stored auctions of this exact term. A reopening carries a different term label and is not counted · U.S. Department of the Treasury · Fiscal Data, Treasury securities auctions · Retrieved
| Auction date | CUSIP | Offering amount | High rate or yield | Average median yield | Bid-to-cover | Interest rate |
|---|---|---|---|---|---|---|
| Sep 22, 2026 | 91282CRP8 | $69,000,000,000 | 4.787% | 4.738% | 2.630 | 4.750% |
| Aug 25, 2026 | 91282CRH6 | $69,000,000,000 | 4.204% | 4.157% | 2.600 | 4.125% |
| Jul 29, 2026 | 91282CRD5 | $30,000,000,000 | 3.370 | |||
| Jul 27, 2026 | 91282CRB9 | $69,000,000,000 | 4.315% | 4.270% | 2.660 | 4.250% |
| Jun 23, 2026 | 91282CQY0 | $69,000,000,000 | 4.189% | 4.138% | 2.640 | 4.125% |
| May 26, 2026 | 91282CQS3 | $69,000,000,000 | 4.071% | 4.015% | 2.640 | 4.000% |
| Apr 28, 2026 | 91282CQM6 | $30,000,000,000 | 3.520 | |||
| Apr 27, 2026 | 91282CQL8 | $69,000,000,000 | 3.812% | 3.750% | 2.650 | 3.750% |
| Mar 24, 2026 | 91282CQH7 | $69,000,000,000 | 3.936% | 3.865% | 2.440 | 3.875% |
| Feb 24, 2026 | 91282CQB0 | $69,000,000,000 | 3.455% | 3.403% | 2.630 | 3.375% |
| Jan 28, 2026 | 91282CPX3 | $30,000,000,000 | 3.160 | |||
| Jan 26, 2026 | 91282CGH8 | $69,000,000,000 | 3.580% | 3.540% | 2.750 | 3.500% |
| Dec 22, 2025 | 91282CPS4 | $69,000,000,000 | 3.499% | 3.445% | 2.540 | 3.375% |
| Nov 24, 2025 | 91282CPL9 | $69,000,000,000 | 3.489% | 3.434% | 2.680 | 3.375% |
| Oct 29, 2025 | 91282CPG0 | $30,000,000,000 | 3.630 | |||
| Oct 27, 2025 | 91282CPE5 | $69,000,000,000 | 3.504% | 3.453% | 2.590 | 3.500% |
| Sep 23, 2025 | 91282CPB1 | $69,000,000,000 | 3.571% | 3.520% | 2.510 | 3.500% |
| Aug 26, 2025 | 91282CNV9 | $69,000,000,000 | 3.641% | 3.600% | 2.690 | 3.625% |
| Jul 29, 2025 | 91282CNQ0 | $30,000,000,000 | 2.810 | |||
| Jul 28, 2025 | 91282CNP2 | $69,000,000,000 | 3.920% | 3.870% | 2.620 | 3.875% |
The Treasury borrows by selling bills, notes, and bonds at auction on a published schedule. Investors bid, the Treasury accepts bids from the lowest rate upward until it has raised the amount offered, and the results are published as soon as the auction closes.
Other Treasury note terms: 3-Year Treasury Note · 5-Year Treasury Note · 7-Year Treasury Note · 10-Year Treasury Note. All Treasury note auctions.
The latest auction of this security in the snapshot was the 2-Year Treasury note on Sep 22, 2026, with a high yield of 4.787% and a bid-to-cover ratio of 2.630, according to the Treasury’s Fiscal Data auction file.
The results in the Treasury’s Fiscal Data auction file, for bills, notes, and bonds. Treasury also auctions inflation-protected securities and floating rate notes; this page lists only what its snapshot holds.
The Treasury sometimes sells more of an existing security, called a reopening, and labels it with the time left until it matures. The table shows the term exactly as the feed labels it.