---
title: 2-Year Treasury FRN Auction Results
description: "2-Year Treasury FRN auction, Sep 23, 2026: bid-to-cover 2.63, indirects 59.1%, directs 0%, dealers 40.9%. Verdict: WEAK."
source: Helious
canonical: "https://helious.io/news/auc-91282CRD5-2026-09-23/2-year-frn-auction-weak"
---

TREASURY AUCTION
              23 Sept 2026, 15:34 UTC



# 2-Year FRN auction: WEAK



            . $28B on offer, B/C 2.63 (avg 3.21), indirect 59.1% (avg 64.2), direct 0.0% (avg 0.2), dealer 40.9% (avg 35.6). WEAK demand, Bonds BEARISH.




        [
          The 2-Year Floating Rate Note release history, the schedule and the next date →](https://helious.io/auctions/2-year-frn)



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