The Treasury Department announced the results of this month's auction of $43 billion worth of two-year notes on Monday, revealing the sale attracted modestly below average demand.
The two-year note auction drew a high yield of 4.290 percent and a bid-to-cover ratio of 2.51.
Last month, the Treasury sold $44 billion worth of two-year notes, drawing a high yield of 3.307 percent and a bid-to-cover ratio of 2.49.
The bid-to-cover ratio is a measure of demand that indicates the amount of bids for each dollar worth of securities being sold.
The ten previous two-year note auctions had an average bid-to-cover ratio of 2.58.
Looking ahead, the Treasury is due to announce the results of this month's auctions of $44 billion worth of five-year notes and $36 billion worth of seven-year notes on Tuesday and Wednesday, respectively.
For comments and feedback contact: editorial@rttnews.com
Market Analysis
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.