Day October 27, 2026

Budget, Personal Loans

Direct Bidders Take a Record 41% of Treasury’s $69 Billion 2-Year Note

Wide view of a modern institutional fixed income trading floor at midday with long rows of desks and dark blank monitors facing away from the camera, several traders in business attire seen from behind in soft focus, and tall floor to ceiling windows admitting diffused overcast daylight across a muted navy and gray interior

Direct bidders took 41.32% of Treasury's $69 billion 2-year note auction on October 26, a four-year record for the maturity, as indirect bidders fell to 45.68%.

Mitch Strohm
October 27, 2026