The US Treasury announced an auction of 2-year notes totaling $69 billion. This issuance size remains consistent with the standard volume maintained throughout 2026.
The auction was announced on September 17, 2026. The bidding process is scheduled for September 22, with the official issue date set for September 30, 2026.
Recent market data shows stable demand for short-term debt. In August 2026, the high yield reached 4.204% with a bid-to-cover ratio of 2.60, while indirect bidders secured 66.0% of the allocation.
Performance metrics from previous months indicate consistent interest. In July, the high yield was 4.315% with a 2.66 bid-to-cover ratio, while June saw a 4.189% yield and a 2.64 ratio.
Investors and analysts are monitoring the upcoming results, specifically focusing on high yields and the distribution between direct bidders, indirect bidders, and primary dealers.
