The 2-Year Bond Auction is a process where the government sells debt securities with a two-year maturity to investors. This auction is a key tool for financing the national budget and managing public debt. The yield determined at the auction reflects market expectations for interest rates and inflation over the next two years. It is closely watched by fixed-income investors as a benchmark for short-term borrowing costs.
The auction uses a single-price (Dutch auction) format where all successful bidders receive the same yield, which is the highest yield accepted.
| Date | Actual | Forecast | Surprise |
|---|---|---|---|
| Jul 29, 2026 | 1.84 | — | — |
| May 26, 2026 | 1.60 | — | — |
| Aug 29, 2023 | 3.56 | — | — |
| Feb 24, 2023 | 3.66 | — | — |
