2-Year Note Auction

Displayed in the calendar is the average yield on the notes auctioned by US Department of Treasury. US notes have maturities of 2, 3, 5, 7, and 10 years and pay interest every six months. The yield on the notes represents the return an investor will receive by holding the bond until maturity. Investors monitor the yield volatility and compare the average rate at auction to the rate at previous auctions of the same security as an indicator of the government debt situation.

Next event - Monday 26 January 2026 18:00

Previous
3.499%
Actual
-

The typical/expected market impact of this event is low.

Most recent - Monday 22 December 2025 18:00

Previous
3.489%
Actual
3.499%

Trading range

Announcement history

The most recent announced value for 2-Year Note Auction was 3.499%.

Past events

Date
Actual
Monday 22 December 2025 18:00
3.499%
Monday 24 November 2025 18:00
3.489%
Monday 27 October 2025 15:30
3.504%
Tuesday 23 September 2025 17:00
3.571%
Tuesday 26 August 2025 17:00
3.641%
Monday 28 July 2025 17:00
3.92%
Tuesday 24 June 2025 17:00
3.786%
Tuesday 27 May 2025 17:00
3.955%
Tuesday 22 April 2025 17:00
3.795%
Tuesday 25 March 2025 17:00
3.984%
Monday 24 February 2025 18:00
4.169%
Monday 27 January 2025 18:00
4.211%
Monday 23 December 2024 18:00
4.335%
Monday 25 November 2024 18:00
4.274%
Monday 28 October 2024 15:30
4.13%
Tuesday 24 September 2024 17:00
3.52%
Tuesday 27 August 2024 17:00
3.874%
Tuesday 23 July 2024 17:00
4.434%
Tuesday 25 June 2024 17:00
4.706%
Tuesday 28 May 2024 17:00
4.917%
Tuesday 23 April 2024 17:00
4.898%
Monday 25 March 2024 17:00
4.595%
Monday 26 February 2024 16:30
4.691%
Tuesday 23 January 2024 18:00
4.365%
Tuesday 26 December 2023 18:00
4.314%
Monday 27 November 2023 16:30
4.887%
Tuesday 24 October 2023 17:00
5.055%
Tuesday 26 September 2023 17:00
5.085%
Monday 28 August 2023 15:30
5.02%
Monday 24 July 2023 17:00
4.82%
Monday 26 June 2023 17:00
4.67%
Tuesday 23 May 2023 17:00
4.3%
Tuesday 25 April 2023 17:00
3.969%
Monday 27 March 2023 17:00
3.954%
Tuesday 21 February 2023 18:00
4.673%

Economic context

Recent economic data has been broadly neutral for USD. Other recent announcements which may affect the market's interpretation of the next 2-Year Note Auction result:

PreviousLatest
Michigan Consumer Expectations IndexBullish change5557
Michigan Consumer Sentiment IndexBullish change5456.4
UoM 1-year Consumer Inflation ExpectationsBearish change4.2%4%
UoM 5-year Consumer Inflation ExpectationBearish change3.4%3.3%
S&P Global Composite PMIBullish change52.752.8
S&P Global Manufacturing PMIBullish change51.851.9
S&P Global Services PMI(no change)52.552.5
Core Personal Consumption Expenditures - Price Index (MoM)(no change)0.2%0.2%
Core Personal Consumption Expenditures - Price Index (YoY)Bullish change2.7%2.8%
Personal Consumption Expenditures - Price Index (MoM)(no change)0.2%0.2%
Personal Consumption Expenditures - Price Index (YoY)Bullish change2.7%2.8%
Personal Income (MoM)Bullish change0.1%0.3%
Personal Spending(no change)0.5%0.5%
Core Personal Consumption Expenditures - Price Index (MoM)(no change)0.2%0.2%
Core Personal Consumption Expenditures - Price Index (YoY)Bearish change2.8%2.7%
Personal Consumption Expenditures - Price Index (MoM)Bearish change0.3%0.2%
Personal Consumption Expenditures - Price Index (YoY)Bearish change2.8%2.7%
Personal Income (MoM)Bearish change0.4%0.1%
Personal SpendingBullish change0.3%0.5%
Initial Jobless ClaimsBearish change199K200K
Core Personal Consumption Expenditures (QoQ)(no change)2.9%2.9%
Gross Domestic Product AnnualizedBullish change4.3%4.4%
Gross Domestic Product Price Index(no change)3.7%3.7%
Personal Consumption Expenditures Prices (QoQ)(no change)2.8%2.8%
Pending Home Sales (MoM)Bearish change3.3%-9.3%
ADP Employment Change 4-week averageBearish change11.25K8K
Industrial Production (MoM)(no change)0.4%0.4%
Initial Jobless ClaimsBullish change207K198K
NY Empire State Manufacturing IndexBullish change-3.77.7
Philadelphia Fed Manufacturing SurveyBullish change-8.812.6
Existing Home Sales Change (MoM)Bullish change0.7%5.1%
Producer Price Index (MoM)Bullish change0.1%0.2%
Producer Price Index (YoY)Bullish change2.8%3%
Producer Price Index ex Food & Energy (MoM)Bearish change0.3%0%
Producer Price Index ex Food & Energy (YoY)Bullish change2.9%3%
Producer Price Index (MoM)Bearish change0.6%0.1%
Producer Price Index (YoY)Bearish change3%2.8%
Producer Price Index ex Food & Energy (MoM)Bearish change0.4%0.3%
Producer Price Index ex Food & Energy (YoY)(no change)2.9%2.9%
Retail Sales (MoM)Bullish change-0.1%0.6%
Retail Sales Control GroupBearish change0.6%0.4%
Retail Sales ex Autos (MoM)Bullish change0.2%0.5%
Monthly Budget StatementBullish change$-173B$-145B
New Home Sales Change (MoM)Bearish change3.8%-0.1%
New Home Sales Change (MoM)Bearish change11.3%3.8%
Consumer Price Index (MoM)(no change)0.3%0.3%
Consumer Price Index (YoY)(no change)2.7%2.7%
Consumer Price Index ex Food & Energy (MoM)(no change)0.2%0.2%
Consumer Price Index ex Food & Energy (YoY)(no change)2.6%2.6%
ADP Employment Change 4-week averageBullish change11K11.75K

About 2-Year Note Auction

Country:United States
Currency:USD
Source:US Department of the Treasury
Category:Bond Auctions
Frequency:Irregular

Related events

Spain
30-y Bond Auction
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