The Treasury Department on Monday announced the results of this month's auctions of $69 billion worth of two-year notes and $70 billion worth of five-year notes, revealing the sales attracted mixed demand.
While the two-year note auction attracted modestly above average demand, the five-year note auction attracted modestly below average demand.
The two-year note auction drew a high yield of 4.315 percent and a bid-to-cover ratio of 2.66.
Last month, the Treasury also sold $69 billion worth of two-year notes, drawing a high yield of 4.189 percent and a bid-to-cover ratio of 2.64.
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 2.61.
The five-year note auction drew a high yield of 4.408 percent and a bid-to-cover ratio of 2.28.
Last month, the Treasury also sold $70 billion worth of five-year notes, drawing a high yield of 4.200 percent and a bid-to-cover ratio of 2.35.
The ten previous five-year note auctions had an average bid-to-cover ratio of 2.35.
The Treasury is scheduled to announce the results of this month's auction of $44 billion worth of seven-year notes on Tuesday.
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September 11, 2026 16:26 ET Consumer prices data was the main news on the economic front in the U.S. this week. In Europe, the latest interest rate decision from the European Central Bank was the focus along with the revised second quarter economic growth data for the euro area. In Asia, the monthly foreign trade data from China drew attention.