U.S. 2-year floating rate notes high margin 0.038%
TLT•The U.S. Treasury’s auction of 2-year floating rate notes had a high margin of 0.038%, a bid-to-cover ratio of 3.05 and $30.0 billion in total accepted bids.
1. Auction results
The U.S. Treasury said its Dutch auction of 2-year floating rate notes produced a high margin of 0.038%, a median margin of 0.024% and a low of 0.000%. The notes were priced at 99.999766, and total accepted bids were $30,000,024,800 against $91,641,997,700 in public bids tendered. The notes are scheduled to be issued on Nov. 2, 2026, and mature on Oct. 31, 2028.
