U.S. 2-Year Treasury Auction Shows Slightly Softer Demand
By Jessica Coacci
The U.S. Treasury's 2-year note auction showed slightly soft demand ahead of the Federal Reserve's interest-rate decision this week.
The Treasury sold $69 billion in 2-year notes at a high yield of 4.708%, compared with a when-issued yield of 4.705% at the time of the auction.
The auction precedes the central bank's decision on interest rates this Wednesday, for which market participants are largely expecting the Federal Open Market Committee to hold interest rates steady. The two-year yield closely tracks market expectations for the future path of Fed policy.
Following the auction, the U.S. 2-year Treasury yield was 4.712%, compared with 4.707% ahead of the results.
The bid-to-cover ratio, a measure of investor demand, was 2.59, compared with 2.63 at the previous auction.
Indirect bidders, a group that includes foreign buyers, took 45.7% of the auction, down from about 57.7% in its last auction.
Write to Jessica Coacci at jessica.coacci@wsj.com
(END) Dow Jones Newswires
October 26, 2026 14:09 ET (18:09 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.The articles, information, and content displayed on this webpage may include materials prepared and provided by third parties. Such third-party content is offered for informational purposes only and is not endorsed, reviewed, or verified by Morningstar.
Morningstar makes no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of any third-party content displayed on this site. The views and opinions expressed in third-party content are those of the respective authors and do not necessarily reflect the views of Morningstar, its affiliates, or employees.
Morningstar is not responsible for any errors, omissions, or delays in this content, nor for any actions taken in reliance thereon. Users are advised to exercise their own judgment and seek independent financial advice before making any decisions based on such content. The third-party providers of this content are not affiliated with Morningstar, and their inclusion on this site does not imply any form of partnership, agency, or endorsement.
Popular
3 Stocks to Sell and 3 Stocks to Buy for November
This Once-Hot AI Stock Now Looks Deeply Undervalued
The 10 Best Companies to Invest in Now
He Tried Shorting Jim Cramer’s Stock Picks. It Cost Him More Than Money
United States