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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
United StatesUS 2-Year FRN Auction climbed to 0.06% in July 2026
FMPMonthlyReleased August 2026
US 2-Year FRN Auction climbed to 0.06% in July 2026, released August 2026, up 0.0% from June's 0.05% reading.
Latest Release
0.055000
Actual
—
Consensus
0.050000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| USD/JPY | ▲ Direct | +0.84 | FOREX | Moves with | → View |
| BTC/USD | ▲ Direct | +0.74 | CRYPTO | Moves with | → View |
| USD/CAD | ▲ Direct | +0.74 | FOREX | Moves with | → View |
| NZD/USD | ▼ Inverse | −0.66 | FOREX | Moves against | → View |
| AUD/USD | ▼ Inverse | −0.59 | FOREX | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
2-Year FRN Auction (United States) was reported at 0.06% in August 2026. The reading rose from the previous value of 0.05%. Trailing 12-month context per ETL data through August 2026. Over the past 12 months, the indicator has averaged 0.14%, ranging from 0.06% to 0.2% across 6 releases.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 0.1%, down from the prior three at 0.19%. Volatility over the past year (σ 0.05%) is comparable than the prior year (σ 0.05%). In August readings over the past 3 years, 2-Year FRN Auction has averaged 0.16%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with USD/JPY (Bullish USD). A secondary relationship exists with BTC/USD, positively correlated (Bullish BTC).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include MBA 30-Year Mortgage Rate (Sep 9) and API Crude Oil Stock Change (Sep 9).
Auto-generated from current model state · Refreshes on each release · Last update August 2026.
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2-Year FRN Auction - US
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About 2-Year FRN Auction — United States
DEFINITION
The 2-Year FRN Auction is a financial indicator that measures the demand for short-term debt securities issued by the government. This auction allows investors to purchase floating rate notes (FRNs) with a maturity of two years, providing a reliable and flexible investment option. The results of this auction can provide valuable insights into the current market sentiment and interest rates, making it a key indicator for financial analysts and investors.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Aug 2026): actual 0.055 %. Prior reading (Mar 2026): 0.115 %. Before that (Dec 2025): 0.139 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with USD/JPY (Bullish USD, r=0.84) — a useful reference for forex-focused traders.
Σ
EXPECTED ZONE
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Economic Calendar - US Events
| Tuesday, September 8, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 10:00 | US | NFIB Business Optimism Index | 99.8 | 99.3 | 98.95 | Low | |
| 15:00 | US | Consumer Inflation Expectation | 3.6 | 3.6 | 3.45 | Low | |
| 15:30 | US | 3-Month Bill Auction | 3.77 | 3.709 | 3.71 | Low | |
| 19:00 | US | Consumer Credit Change | 14.17 | 11.3 | 11.30 | Low | |