US 2-Year Auction High Yield Rises From Previous Month, Demand Higher

01:08 PM EDT, 09/22/2026 (MT Newswires) -- The US Treasury's 2-year auction hit a high yield of 4.787% on Tuesday, up from the 4.204% high in the previous auction. The bid to cover ratio for the auction was 2.63, above the 2.60 ratio in the previous auction. Dealers represented 56.20% of the bids, with direct bidders at 15.16% and indirect bidders at 28.64%. For takedown, dealers took 13.19%, with direct bidders at 29.02% and indirect bidders at 57.79%.