Historical bid-to-cover data for 2-Year Treasury auctions, updated after each auction. The most recent value is 2.63x as of September 22, 2026. Bid-to-cover measures the ratio of total bids to the amount offered. Higher ratios indicate stronger demand from investors.
This metric tracks bid-to-cover for 2-Year Treasury auctions. Auction results reflect real-time price discovery for U.S. government debt and provide insight into investor demand across the maturity spectrum. Monitoring auction metrics alongside secondary market yields helps identify supply-demand imbalances that may affect pricing.
| Date | Bid-to-Cover | Grade | Composite |
|---|---|---|---|
| 12/22/2025 | 2.54x | D+ | C+ |
| 01/26/2026 | 2.75x | C- | B- |
| 02/24/2026 | 2.63x | D+ | C+ |
| 03/24/2026 | 2.44x | D | C- |
| 04/27/2026 | 2.65x | D+ | C+ |
| 05/26/2026 | 2.64x | D+ | C+ |
| 06/23/2026 | 2.64x | D+ | C+ |
| 07/27/2026 | 2.66x | D+ | C+ |
| 08/25/2026 | 2.60x | D+ | C+ |
| 09/22/2026 | 2.63x | D+ | C+ |
| Mean | Std Dev | Min | Max | Count |
|---|---|---|---|---|
| 2.90 | 0.44 | 2.08 | 4.07 | 222 |