Financial News: Two-Year Note Auction Attracts Below Average Demand

Two-Year Note Auction Attracts Below Average Demand

09/23/2025 - 13:28:00 (RTTNews)

(RTTNews) - Kicking off this week's series of announcements of the results of its long-term securities auctions, the Treasury Department on Tuesday revealed this month's auction of $69 billion worth of two-year notes attracted below average demand.

The two-year note auction drew a high yield of 3.571 percent and a bid-to-cover ratio of 2.51.

Last month, the Treasury also sold $69 billion worth of two-year notes, drawing a high yield of 3.641 percent and a bid-to-cover ratio of 2.69.

The bid-to-cover ratio is a measure of demand that indicates the amount of bids for each dollar worth of securities being sold.

The ten previous two-year note auctions had an average bid-to-cover ratio of 2.64.

The Treasury is scheduled to announce the results of this month's auctions of $70 billion worth of five-year notes and $44 billion worth of seven-year notes on Wednesday and Thursday, respectively.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

U.S. Manufacturing Index Unexpectedly Edges Lower In October (06 hr(s), 15 min(s), 45 sec(s) ago)
(RTTNews) - Manufacturing activity in the U.S. unexpectedly contracted at a slightly faster rate i ...Full Story»

Czech Factory Activity Contracts Most In 9 Months (07 hr(s), 09 min(s), 45 sec(s) ago)
(RTTNews) - The Czech Republic's manufacturing downturn deepened in October amid faster falls ...Full Story»

Latvia Industrial Output Growth Quickens To 6.5% (07 hr(s), 42 min(s), 45 sec(s) ago)
(RTTNews) - Latvia's industrial production growth rebounded sharply in September, data from th ...Full Story»

Greece Manufacturing Activity Regains Growth Momentum (08 hr(s), 07 min(s), 45 sec(s) ago)
(RTTNews) - Greece's factory activity expanded at an accelerated pace in October amid stronger ...Full Story»

UK Manufacturing PMI At 1-Year High (08 hr(s), 49 min(s), 45 sec(s) ago)
(RTTNews) - The UK manufacturing activity shrank in October but the pace of contraction was the sl ...Full Story»

Turkey Factory Activity Remains In Contraction (08 hr(s), 53 min(s), 45 sec(s) ago)
(RTTNews) - The manufacturing activity in Turkey deteriorated at a slightly faster pace in October ...Full Story»

Eurozone Manufacturing Sector Stagnates In October (09 hr(s), 21 min(s), 45 sec(s) ago)
(RTTNews) - Eurozone manufacturing sector stagnated in October, as initially estimated, following ...Full Story»

Poland Manufacturing Downturn Eases In October (09 hr(s), 42 min(s), 45 sec(s) ago)
(RTTNews) - Poland's manufacturing activity deteriorated at a slower pace in October, survey d ...Full Story»