Every 2-year note auction, page 2 of 3 Auctions with results since 23 January 1980: 545 .
2-year note auctions, newest first; dated links open an auction's own page Auction Offered as High yield, % Bid-to-cover Offered, $ billion Sold, $ billion Indirect, % Direct, % Dealers, % High − median, bp 24 Mar 2009 2-Year 0.949 2.71 40.000 41.896 53.1 2.2 44.7 4.9 24 Feb 2009 2-Year 0.961 2.63 40.000 42.143 28.1 3.3 68.6 6.1 27 Jan 2009 2-Year 0.925 2.69 40.000 41.698 34.6 2.8 62.5 5.4 22 Dec 2008 2-Year 0.922 2.13 38.000 40.773 30.4 1.4 68.2 8.8 24 Nov 2008 2-Year 1.269 2.08 36.000 38.519 34.9 1.4 63.7 8.4 28 Oct 2008 2-Year 1.600 2.49 34.000 35.507 42.0 0.1 57.9 2.5 24 Sep 2008 2-Year 2.115 2.21 34.000 37.150 27.9 8.9 63.2 6.5 27 Aug 2008 2-Year 2.380 2.18 32.000 34.669 29.5 1.1 69.4 5.0 23 Jul 2008 2-Year 2.820 2.42 31.000 34.415 36.9 1.0 62.1 5.0 24 Jun 2008 2-Year 2.922 2.64 30.000 33.217 28.5 0.4 71.1 2.3 28 May 2008 2-Year 2.640 2.28 30.000 32.406 22.4 0.9 76.6 5.0 23 Apr 2008 2-Year 2.225 2.21 30.000 32.752 33.6 0.5 65.8 3.5 26 Mar 2008 2-Year 1.761 2.44 28.000 31.992 – – – 2.2 27 Feb 2008 2-Year 2.045 2.14 26.000 28.900 – – – 2.5 28 Jan 2008 2-Year 2.237 2.33 24.000 26.923 – – – 3.7 26 Dec 2007 2-Year 3.285 2.23 22.000 26.497 – – – 4.4 28 Nov 2007 2-Year 3.159 2.21 20.000 24.543 – – – 3.7 24 Oct 2007 2-Year 3.723 2.86 20.000 23.860 – – – 1.9 26 Sep 2007 2-Year 4.000 3.29 18.000 21.984 – – – 1.9 29 Aug 2007 2-Year 4.115 3.97 18.000 22.280 – – – 1.8 25 Jul 2007 2-Year 4.735 2.59 18.000 21.882 – – – 1.5 26 Jun 2007 2-Year 4.906 2.80 18.000 22.020 – – – 1.6 29 May 2007 2-Year 4.886 2.53 18.000 22.480 – – – 2.6 25 Apr 2007 2-Year 4.606 2.93 18.000 22.777 – – – 1.6 28 Mar 2007 2-Year 4.514 2.81 18.000 22.645 – – – 2.5 21 Feb 2007 2-Year 4.830 3.04 18.000 23.035 – – – 2.0 24 Jan 2007 2-Year 4.930 3.03 20.000 22.971 – – – 2.0 27 Dec 2006 2-Year 4.765 2.46 20.000 24.817 – – – 2.5 28 Nov 2006 2-Year 4.692 3.02 20.000 24.338 – – – 2.2 24 Oct 2006 2-Year 4.894 2.91 20.000 22.726 – – – 2.1 27 Sep 2006 2-Year 4.660 2.77 20.000 24.499 – – – 2.5 29 Aug 2006 2-Year 4.921 2.32 22.000 26.504 – – – 2.3 26 Jul 2006 2-Year 5.090 2.03 22.000 26.424 – – – 2.1 27 Jun 2006 2-Year 5.239 2.28 22.000 26.497 – – – 2.0 24 May 2006 2-Year 4.933 2.58 22.000 25.929 – – – 1.4 26 Apr 2006 2-Year 4.975 2.05 22.000 26.834 – – – 1.7 27 Mar 2006 2-Year 4.730 2.12 22.000 26.834 – – – 3.0 22 Feb 2006 2-Year 4.689 2.24 22.000 26.500 – – – 2.9 25 Jan 2006 2-Year 4.427 2.11 22.000 27.163 – – – 2.2 29 Dec 2005 2-Year 4.404 2.42 20.000 26.667 – – – 2.1 23 Nov 2005 2-Year 4.349 2.16 20.000 26.667 – – – 3.0 26 Oct 2005 2-Year 4.365 2.21 20.000 26.551 – – – 2.3 28 Sep 2005 2-Year 4.095 2.58 20.000 26.585 – – – 2.0 24 Aug 2005 2-Year 4.014 2.28 20.000 26.667 – – – 1.7 27 Jul 2005 2-Year 3.975 2.38 20.000 25.864 – – – 2.1 29 Jun 2005 2-Year 3.650 2.23 20.000 26.667 – – – 2.7 25 May 2005 2-Year 3.615 2.36 22.000 29.116 – – – 1.7 27 Apr 2005 2-Year 3.650 1.77 24.000 31.995 – – – 3.6 30 Mar 2005 2-Year 3.860 2.03 24.000 32.000 – – – 2.1 24 Feb 2005 2-Year 3.498 1.93 24.000 32.000 – – – 2.8 26 Jan 2005 2-Year 3.245 2.01 24.000 29.000 – – – 2.6 29 Dec 2004 2-Year 3.120 2.00 24.000 31.948 – – – 2.5 23 Nov 2004 2-Year 2.945 2.61 24.000 30.044 – – – 1.5 27 Oct 2004 2-Year 2.590 1.93 24.000 29.560 – – – 3.0 29 Sep 2004 2-Year 2.620 2.20 24.000 31.652 – – – 4.0 25 Aug 2004 2-Year 2.494 2.19 24.000 31.807 – – – 2.9 28 Jul 2004 2-Year 2.797 2.36 24.000 31.006 – – – 1.7 23 Jun 2004 2-Year 2.785 2.17 25.000 32.581 – – – 2.1 26 May 2004 2-Year 2.538 2.32 25.000 31.298 – – – 2.1 28 Apr 2004 2-Year 2.270 2.11 26.000 34.334 – – – 4.0 24 Mar 2004 2-Year 1.520 2.18 26.000 34.334 – – – 4.0 25 Feb 2004 2-Year 1.675 2.43 26.000 34.000 – – – 2.5 29 Jan 2004 2-Year 1.930 1.87 26.000 32.531 – – – 5.0 23 Dec 2003 2-Year 1.950 2.15 26.000 33.987 – – – 4.1 26 Nov 2003 2-Year 1.939 1.75 26.000 32.201 – – – 5.6 29 Oct 2003 2-Year 1.737 2.12 26.000 32.368 – – – 3.7 24 Sep 2003 2-Year 1.695 2.20 25.000 31.535 – – – 2.5 27 Aug 2003 2-Year 2.040 1.73 25.000 30.590 – – – 4.2 23 Jul 2003 2-Year 1.510 1.80 25.000 29.996 – – – 4.5 25 Jun 2003 2-Year 1.179 1.84 25.000 31.700 – – – 5.0 29 May 2003 2-Year 1.305 1.77 25.000 31.020 – – – 3.1 23 Apr 2003 2-Year 1.704 2.16 27.000 34.293 – – – 1.5 26 Mar 2003 2-Year 1.692 1.84 27.000 35.211 – – – 1.8 26 Feb 2003 2-Year 1.575 2.00 27.000 35.333 – – – 3.5 29 Jan 2003 2-Year 1.710 1.48 27.000 33.834 – – – 4.0 23 Dec 2002 2-Year 1.820 1.89 27.000 33.195 – – – 3.0 27 Nov 2002 2-Year 2.120 1.77 27.000 32.864 – – – 4.0 23 Oct 2002 2-Year 2.140 1.69 27.000 32.435 – – – 4.5 25 Sep 2002 2-Year 1.960 2.00 27.000 34.652 – – – 5.0 28 Aug 2002 2-Year 2.220 2.26 27.000 34.537 – – – 2.0 24 Jul 2002 2-Year 2.270 1.56 27.000 33.237 – – – 5.0 28 Jun 2002 2-Year 2.970 1.31 27.000 34.047 – – – 7.0 29 May 2002 2-Year 3.274 2.69 27.000 33.298 – – – 1.9 24 Apr 2002 2-Year 3.375 2.00 25.000 32.648 – – – 2.5 27 Mar 2002 2-Year 3.705 1.96 25.000 32.873 – – – 3.5 27 Feb 2002 2-Year 3.059 1.81 25.000 31.735 – – – 4.5 23 Jan 2002 2-Year 3.039 1.54 25.000 30.766 – – – 5.9 27 Dec 2001 2-Year 3.300 2.40 23.000 29.666 – – – 2.0 28 Nov 2001 2-Year 3.008 1.51 21.000 26.167 – – – 4.8 24 Oct 2001 2-Year 2.770 2.27 19.000 25.143 – – – 3.0 26 Sep 2001 2-Year 2.869 2.42 17.000 22.667 – – – 4.9 29 Aug 2001 2-Year 3.685 2.17 14.000 18.667 – – – 3.5 25 Jul 2001 2-Year 3.965 2.46 12.000 16.000 – – – 2.5 27 Jun 2001 2-Year 3.990 2.26 11.000 14.667 – – – 2.2 30 May 2001 2-Year 4.327 2.59 10.000 13.333 – – – 2.2 25 Apr 2001 2-Year 4.124 2.69 10.000 13.336 – – – 2.4 28 Mar 2001 2-Year 4.300 2.79 11.000 14.674 – – – 1.5 21 Feb 2001 2-Year 4.685 2.38 11.000 14.675 – – – 2.2 24 Jan 2001 2-Year 4.760 2.63 10.000 15.437 – – – 2.0 27 Dec 2000 2-Year 5.130 2.51 10.000 14.834 – – – 2.0 29 Nov 2000 2-Year 5.695 3.14 10.000 15.048 – – – 0.6 27 Sep 2000 2-Year 6.002 2.93 10.000 15.184 – – – 0.7 23 Aug 2000 2-Year 6.204 2.69 10.000 15.038 – – – 1.9 26 Jul 2000 2-Year 6.284 2.63 10.000 15.037 – – – 1.9 28 Jun 2000 2-Year 6.483 2.70 10.000 14.311 – – – 1.3 24 May 2000 2-Year 6.749 2.52 10.000 14.838 – – – 2.9 26 Apr 2000 2-Year 6.484 2.31 12.000 17.372 – – – 2.4 29 Mar 2000 2-Year 6.580 2.57 12.000 17.220 – – – 3.0 23 Feb 2000 2-Year 6.590 2.66 12.000 16.528 – – – 2.0 26 Jan 2000 2-Year 6.434 2.03 14.000 19.347 – – – 1.7 27 Oct 1999 2-Year 5.935 2.69 15.000 19.187 – – – 1.5 29 Sep 1999 2-Year 5.665 – 15.000 18.783 – – – 1.6 25 Aug 1999 2-Year 5.557 – 15.000 20.106 – – – 3.0 28 Jul 1999 2-Year 5.544 – 15.000 20.511 – – – 2.4 23 Jun 1999 2-Year 5.754 – 15.000 18.986 – – – 2.9 26 May 1999 2-Year 5.315 – 15.000 19.870 – – – 2.0 28 Apr 1999 2-Year 5.017 – 15.000 21.027 – – – 1.7 24 Mar 1999 2-Year 4.995 – 15.000 21.588 – – – 2.7 24 Feb 1999 2-Year 5.009 – 15.000 19.576 – – – 2.1 27 Jan 1999 2-Year 4.575 – 15.000 19.772 – – – 3.5 29 Dec 1998 2-Year 4.690 – 15.000 19.466 – – – 1.6 24 Nov 1998 2-Year 4.629 – 16.000 20.147 – – – 2.9 28 Oct 1998 2-Year 4.025 – 16.000 20.515 – – – 2.8 23 Sep 1998 2-Year 4.615 – 15.000 19.244 – – – 1.5 26 Aug 1998 2-Year 5.125 – 15.000 20.001 – – – 1.5 29 Jul 1998 2-Year 5.475 – 15.000 18.642 – – – 1.1 23 Jun 1998 2-Year 5.495 – 12.000 14.904 – – – 0.5 27 May 1998 2-Year 5.530 – 13.000 16.526 – – – 1.1 28 Apr 1998 2-Year 5.677 – 13.000 15.594 – – – 0.8 24 Mar 1998 2-Year 5.500 – 14.000 17.162 – – – 0.9 24 Feb 1998 2-Year 5.537 – 15.000 17.734 – – – 1.7 27 Jan 1998 2-Year 5.440 – 15.000 17.450 – – – 1.6 22 Dec 1997 2-Year 5.690 – 15.000 16.699 – – – 2.0 24 Nov 1997 2-Year 5.700 – 15.000 16.976 – – – 2.0 28 Oct 1997 2-Year 5.720 – 15.000 16.785 – – – 3.0 23 Sep 1997 2-Year 5.794 – 15.500 17.443 – – – 1.9 26 Aug 1997 2-Year 5.998 – 15.500 17.161 – – – 1.8 22 Jul 1997 2-Year 5.930 – 15.500 16.785 – – – 2.0 24 Jun 1997 2-Year 6.027 – 15.500 17.811 – – – 1.7 28 May 1997 2-Year 6.328 – 16.500 18.514 – – – 1.6 22 Apr 1997 2-Year 6.460 – 17.000 19.289 – – – 1.5 25 Mar 1997 2-Year 6.270 – 17.250 19.743 – – – 3.0 25 Feb 1997 2-Year 5.885 – 17.500 19.881 – – – 2.0 22 Jan 1997 2-Year 5.984 – 17.500 19.423 – – – 1.4 18 Dec 1996 2-Year 5.874 – 18.250 20.575 – – – 2.4 19 Nov 1996 2-Year 5.662 – 18.250 20.490 – – – 2.2 22 Oct 1996 2-Year 5.930 – 18.250 21.178 – – – 1.0 25 Sep 1996 2-Year 6.080 – 18.250 21.436 – – – 2.0 27 Aug 1996 2-Year 6.170 – 18.750 21.886 – – – 2.0 23 Jul 1996 2-Year 6.288 – 18.750 21.503 – – – 1.8 25 Jun 1996 2-Year 6.300 – 18.750 21.985 – – – 2.0 29 May 1996 2-Year 6.053 – 18.750 21.067 – – – 1.8 23 Apr 1996 2-Year 5.939 – 18.750 21.353 – – – 1.7 8 Apr 1996 2-Year 6.144 – 18.250 21.666 – – – 4.2 23 Jan 1996 2-Year 5.068 – 18.250 19.058 – – – 1.8 20 Dec 1995 2-Year 5.289 – 18.250 19.134 – – – 3.9 28 Nov 1995 2-Year 5.479 – 18.250 18.666 – – – 1.0 24 Oct 1995 2-Year 5.705 – 17.750 18.807 – – – 1.5 26 Sep 1995 2-Year 5.860 – 17.750 19.081 – – – 4.0 22 Aug 1995 2-Year 6.090 – 17.750 19.336 – – – 1.0 25 Jul 1995 2-Year 5.955 – 17.750 18.909 – – – 1.7 27 Jun 1995 2-Year 5.690 – 17.750 19.225 – – – 3.0 23 May 1995 2-Year 6.170 – 17.750 18.873 – – – 2.0 25 Apr 1995 2-Year 6.524 – 17.750 18.634 – – – 2.4 28 Mar 1995 2-Year 6.717 – 17.250 19.269 – – – 2.7 22 Feb 1995 2-Year 6.999 – 17.250 18.554 – – – 4.9 24 Jan 1995 2-Year 7.570 – 17.250 18.630 – – – 2.0 21 Dec 1994 2-Year 7.570 – 17.250 19.299 – – – 2.0 21 Nov 1994 2-Year 7.300 – 17.250 18.671 – – – 1.0 27 Sep 1994 2-Year 6.550 – 17.250 19.522 – – – 5.0 23 Aug 1994 2-Year 6.270 – 17.250 19.103 – – – 1.0 26 Jul 1994 2-Year 6.170 – 17.250 19.279 – – – 1.0 21 Jun 1994 2-Year 6.040 – 17.000 19.745 – – – 3.0 24 May 1994 2-Year 5.940 – 17.000 18.827 – – – 3.0 26 Apr 1994 2-Year 5.590 – 17.000 18.708 – – – 0.0 22 Mar 1994 2-Year 5.150 – 17.000 19.519 – – – 2.0 23 Feb 1994 2-Year 4.660 – 17.000 18.927 – – – 3.0 25 Jan 1994 2-Year 4.110 – 17.000 18.389 – – – 2.0 21 Dec 1993 2-Year 4.280 – 17.000 19.276 – – – 1.0 22 Nov 1993 2-Year 4.270 – 17.000 18.576 – – – 2.0 26 Oct 1993 2-Year 3.940 – 16.500 18.251 – – – 3.0 21 Sep 1993 2-Year 3.940 – 16.000 17.879 – – – 3.0 24 Aug 1993 2-Year 3.940 – 16.000 17.563 – – – 1.0 27 Jul 1993 2-Year 4.260 – 16.000 17.165 – – – 3.0 22 Jun 1993 2-Year 4.160 – 16.000 18.136 – – – 2.0 25 May 1993 2-Year 4.170 – 15.750 17.506 – – – 2.0 27 Apr 1993 2-Year 3.880 – 15.250 16.785 – – – 4.0 24 Mar 1993 2-Year 3.920 – 15.250 17.289 – – – 3.0 23 Feb 1993 2-Year 3.940 – 15.250 16.592 – – – 7.0 26 Jan 1993 2-Year 4.280 – 15.250 16.552 – – – 5.0 22 Dec 1992 2-Year 4.710 – 15.500 17.104 – – – 3.0 23 Nov 1992 2-Year 4.720 – 15.000 15.878 – – – 2.0 27 Oct 1992 2-Year 4.370 – 15.000 16.244 – – – 2.0 22 Sep 1992 2-Year 4.000 – 14.500 16.741 – – – 2.0 25 Aug 1992 2-Year 4.310 – 15.000 16.573 – – – 1.0 28 Jul 1992 2-Year 4.290 – 15.000 16.883 – – – 0.0 23 Jun 1992 2-Year 5.120 – 15.000 17.221 – – – 1.0 20 May 1992 2-Year 5.140 – 14.750 15.766 – – – 1.0 22 Apr 1992 2-Year 5.430 – 14.750 16.347 – – – 0.0 24 Mar 1992 2-Year 5.850 – 14.750 17.773 – – – 0.0
The table scrolls sideways; the first column stays in place.
Source: U.S. Treasury, Bureau of the Fiscal Service, Fiscal Data, Treasury Securities Auctions Data . Observed 22 Sep 2026 .
Shares of competitive bids, grades against earlier auctions and the high-minus-median spread are computed by 500metrics from Treasury's published fields; how .