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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
United StatesUS 2-Year Note Auction climbed to 4.32% in July 2026
FMPMonthlyReleased July 2026
US 2-Year Note Auction climbed to 4.32% in July 2026, up 0.13% from June's 4.19% reading.
Latest Release
4.315000
Actual
—
Consensus
4.189000
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 |
|---|---|---|---|---|---|
| S&P 500 | ▼ Inverse | −0.46 | INDEX | Moves against | → View |
| AUD/USD | ▼ Inverse | −0.40 | FOREX | Moves against | → View |
| MSFT | ▼ Inverse | −0.34 | STOCKS | Moves against | → View |
| GBP/USD | ▼ Inverse | −0.33 | FOREX | Moves against | → View |
| NZD/USD | ▼ Inverse | −0.32 | FOREX | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
2-Year Note Auction (United States) was reported at 4.32% in July 2026. The reading rose from the previous value of 4.19%. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged 3.75%, ranging from 3.46% to 4.32% across 11 releases.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 4.19%, up from the prior three at 3.66%. Volatility over the past year (σ 0.3%) is higher than the prior year (σ 0.23%). In July readings over the past 3 years, 2-Year Note Auction has averaged 4.22%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with S&P 500 (Bearish S&P 500). A secondary relationship exists with AUD/USD, negatively correlated (Bearish AUD).
WHAT TO WATCH NEXT
The next release is scheduled for August 25, 2026. Same-country events in the next 14 days include Existing Home Sales MoM (Aug 11) and Existing Home Sales (Aug 11).
Auto-generated from current model state · Refreshes on each release · Last update July 2026.
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2-Year Note Auction - US
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About 2-Year Note Auction — United States
DEFINITION
The 2-Year Note Auction is a financial indicator that measures the demand for short-term government debt securities, known as notes, with a maturity of two years. This auction is conducted by the U.S. Department of the Treasury and provides insight into the current market sentiment and investor confidence in the economy. The results of the auction can impact interest rates and serve as an important benchmark for the overall health of the financial market.
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 (Jul 2026): actual 4.315 %. Prior reading (Jun 2026): 4.189 %. Before that (May 2026): 4.071 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with S&P 500 (Bearish S&P 500, r=-0.46) — a useful reference for index-focused traders.
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Economic Calendar - US Events
| Tuesday, August 11, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 10:00 | US | NFIB Business Optimism Index | 97.4 | 97.8 | 97.70 | Low | |
| 14:00 | US | Existing Home Sales MoM | -2.4 | -0.7 | -1.65 | Medium | |
| 14:00 | US | Existing Home Sales | 4.09 | 4.07 | 4.05 | High | |
| Wednesday, August 12, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 12:30 | US | Core Inflation Rate MoM | 0 | 0.2 | 0.25 | High | |
| 12:30 | US | Inflation Rate MoM | -0.4 | 0.1 | 0.10 | High | |
| 12:30 | US | Inflation Rate YoY | 3.5 | 3.4 | 3.45 | High | |
| 12:30 | US | Core Inflation Rate YoY | 2.6 | 2.5 | 2.55 | High | |
| 12:30 | US | CPI | 333.95 | 334.03 | 334.39 | Medium | |
| 12:30 | US | CPI s.a | 332.568 | 332.6 | 332.85 | Medium | |
| 12:30 | US | Core CPI YoY | 2.6 | 2.5 | 2.50 | Medium | |
| 12:30 | US | CPI YoY | 3.5 | 3.4 | 3.45 | High | |
| 12:30 | US | CPI MoM | -0.4 | 0.1 | 0.10 | High | |
| 12:30 | US | Core CPI MoM | 0 | 0.2 | 0.20 | High | |
| 18:00 | US | Monthly Budget Statement | -120 | -294.6 | -297.10 | Medium | |
| 18:00 | US | Budget Balance | -120 | -294.6 | -265.70 | Medium | |
| Thursday, August 13, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 12:30 | US | Continuing Jobless Claims | 1801 | 1799 | 1799.00 | Low | |
| 12:30 | US | Initial Jobless Claims | 199 | 198 | 198.00 | Medium | |
| 12:30 | US | Core PPI YoY | 4.7 | 4.7 | 5.15 | Low | |
| 12:30 | US | Core PPI MoM | 0.2 | 0.2 | 0.55 | Medium | |
| 12:30 | US | Producer Price Index MoM | -0.3 | 0.1 | 0.55 | High | |
| 12:30 | US | Jobless Claims 4-Week Average | 198.75 | 197 | 197.00 | Low | |
| 12:30 | US | PPI Ex Food, Energy and Trade YoY | 5.1 | 5.1 | 5.45 | Low | |
| 12:30 | US | PPI Ex Food, Energy and Trade MoM | 0.1 | 0.1 | 0.25 | Low | |
| 12:30 | US | Producer Price Index | 156.566 | 156.41 | 157.36 | Low | |
| 12:30 | US | Producer Price Index YoY | 5.5 | 5 | 5.55 | Low | |