Release · 2026-09-22 to 2026-09-22

Treasury sold $69 billion of 2-year notes at a 4.787 percent high yield

The Treasury Department's 2-year note auction today sold $69 billion of notes (CUSIP 91282CRP8, series BH-2028) at a 4.787 percent high yield and a 4.75 percent coupon. Bid-to-cover was 2.63. Price was 99.930225. Total tenders were $191,651,805,600 and total accepted $79,388,014,800, including $10,387,942,900 accepted by SOMA outside the public offering. Last month's 2-year note (CUSIP 91282CRH6) stopped at a 4.204 percent high yield with bid-to-cover 2.60. The new notes issue September 30 and mature September 30, 2028.

Offering amount: $69,000,000,000 2026-09-22
High yield: 4.79% 2026-09-22 · prior 4.2% (2026-08-25)
Coupon rate: 4.75% 2026-09-22
Bid-to-cover ratio: 2.63 2026-09-22 · prior 2.60 (2026-08-25)
Price per 100: 99.93 2026-09-22
Total accepted: $79,388,014,800 2026-09-22
Total tendered: $191,651,805,600 2026-09-22
SOMA accepted: $10,387,942,900 2026-09-22
Share allotted at the high yield: 33.42% 2026-09-22

2-year note auction high yield. TreasuryDirect, August–September 2026. Share card.

Source: Treasury auction results, auction date September 22, 2026 — U.S. Department of the Treasury, Bureau of the Fiscal Service. Also: Treasury auction results, 2-year note, September 22, 2026, Treasury auction results, 2-year note, August 25, 2026.

all 9 figures found at the source

found Offering amount = $69,000,000,000 — at U.S. Department of the Treasury, Bureau of the Fiscal Service
found High yield = 4.79% — at U.S. Department of the Treasury, Bureau of the Fiscal Service
found Coupon rate = 4.75% — at U.S. Department of the Treasury, Bureau of the Fiscal Service
found Bid-to-cover ratio = 2.63 — at U.S. Department of the Treasury, Bureau of the Fiscal Service
found Price per 100 = 99.93 — at U.S. Department of the Treasury, Bureau of the Fiscal Service
found Total accepted = $79,388,014,800 — at U.S. Department of the Treasury, Bureau of the Fiscal Service
found Total tendered = $191,651,805,600 — at U.S. Department of the Treasury, Bureau of the Fiscal Service
found SOMA accepted = $10,387,942,900 — at U.S. Department of the Treasury, Bureau of the Fiscal Service
found Share allotted at the high yield = 33.42% — at U.S. Department of the Treasury, Bureau of the Fiscal Service

Researched by Grok, checked against each source by an automated pass, edited by FEDPOLICY.ORG. Published Sep 22, 2026.

This page is one print. The daily brief for September 22, 2026 is the editor's cut of what mattered that day. Figures are as the named sources printed them. The methodology says how this page is made and what is checked.