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US 2-Year Note Auction High Yield 4.204% [Stop-through 0.4 bps] Bid-to-cover 2.60 Sells 69 bln Awards 85.68% of bids at high Primary Dealers take 10.9% Direct

Banking With Billy News • 2026-08-25 17:04 UTC • By Billy Odell Tucker-Robinson
US 2-Year Note Auction

High Yield 4.204% [Stop-through 0.4 bps]
Bid-to-cover 2.60
Sells 69 bln
Awards 85.68% of bids at high
Primary Dealers take 10.9%
Direct
US 2-Year Note Auction High Yield 4.204% [Stop-through 0.4 bps] Bid-to-cover 2.60 Sells 69 bln Awards 85.68% of bids at high Primary Dealers take 10.9% Direct 23.1% Indirect 66.0%
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