The Fiscal DeskFiscal policy. Monetary plumbing. Public data.
Independent research desk
Frameworks by James Lavish / Independent & unaffiliatedLast data check Fri 6 Nov 2026, 9:15 am ET

Treasury supply

Inside the auction

Who is buying, at what yield, and how much demand is showing up? Explore Treasury auction results and compare bidder participation.

All coupons2-Year3-Year5-Year7-Year10-Year20-Year30-Year
2-Year2.21×2.72×22 Sept 2026: 2.63×3-Year2.21×2.72×8 Sept 2026: 2.72×6 Oct 2026: 2.62×5-Year2.21×2.72×23 Sept 2026: 2.21×7-Year2.21×2.72×24 Sept 2026: 2.42×
Bid-to-cover per auction, last 12 per term. Dashed line: trailing-12 mean. Larger dot: latest.
2-Year11 %16 %22 Sept 2026: 13 %3-Year11 %16 %8 Sept 2026: 11 %6 Oct 2026: 11 %5-Year11 %16 %23 Sept 2026: 16 %7-Year11 %16 %24 Sept 2026: 13 %
Dealer share per auction, last 12 per term. Dashed line: trailing-12 mean. Larger dot: latest.
Auction results
DateSecuritySizeBid-to-cover12-meanDealersIndirectsHigh yieldTail
22 Oct 20265-Year Note (TIPS)announced$26 B—2.35×———not computed
21 Oct 202619-Year 10-Month Bond · reopeningannounced$13 B—2.69×———not computed
20 Oct 20266-Week Bill · reopeningannounced$95 B—2.88×———not computed
19 Oct 202613-Week Bill · reopeningannounced$95 B—2.79×———not computed
19 Oct 202626-Week Billannounced$82 B—2.84×———not computed
15 Oct 20264-Week Bill · reopening$110 B2.56×2.75×30.9 %63.3 %4.000 %not computed
15 Oct 20268-Week Bill · reopening$105 B2.26×2.79×47.4 %46.9 %4.050 %not computed
14 Oct 202617-Week Bill$75 B2.79×2.97×37.8 %54.2 %4.195 %not computed
13 Oct 20266-Week Bill · reopening$95 B2.58×2.88×31.7 %65.2 %3.980 %not computed
13 Oct 202626-Week Bill · reopening$82 B2.76×2.84×23.2 %66.3 %4.200 %not computed
13 Oct 202613-Week Bill · reopening$95 B2.68×2.79×33.2 %59.6 %4.085 %not computed
8 Oct 20264-Week Bill · reopening$110 B2.40×2.75×36.6 %57.3 %3.980 %not computed
8 Oct 20268-Week Bill · reopening$105 B2.77×2.79×23.4 %70.3 %3.980 %not computed
8 Oct 202629-Year 10-Month Bond · reopening$22 B2.54×2.42×6.8 %72.3 %5.618 %not computed
7 Oct 202617-Week Bill$75 B3.10×2.97×30.2 %59.7 %4.105 %not computed
7 Oct 20269-Year 10-Month Note · reopening$39 B2.77×2.49×2.5 %80.3 %5.300 %not computed
6 Oct 20266-Week Bill · reopening$95 B2.78×2.88×30.6 %65.4 %3.945 %not computed
6 Oct 20263-Year Note$58 B2.62×2.65×10.7 %57.6 %4.932 %not computed
5 Oct 202613-Week Bill · reopening$95 B2.51×2.79×44.2 %48.6 %4.050 %not computed
5 Oct 202626-Week Bill$82 B2.79×2.84×26.2 %63.2 %4.165 %not computed
1 Oct 20264-Week Bill · reopening$100 B2.83×2.75×31.4 %63.9 %3.890 %not computed
1 Oct 20268-Week Bill · reopening$95 B2.70×2.79×36.1 %56.8 %3.990 %not computed
30 Sept 202617-Week Bill$75 B2.89×2.97×36.2 %57.8 %4.115 %not computed
29 Sept 20266-Week Bill · reopening$85 B2.82×2.88×27.8 %67.2 %3.970 %not computed
29 Sept 202652-Week Bill$54 B3.07×3.34×24.6 %70.9 %4.400 %not computed
28 Sept 202613-Week Bill · reopening$95 B2.99×2.79×26.3 %66.6 %4.110 %not computed
28 Sept 202626-Week Bill$82 B2.64×2.84×30.2 %60.3 %4.285 %not computed
24 Sept 20264-Week Bill · reopening$90 B2.61×2.75×50.4 %46.2 %3.850 %not computed
24 Sept 20268-Week Bill · reopening$85 B2.76×2.79×35.2 %58.8 %3.990 %not computed
24 Sept 20267-Year Note$44 B2.42×2.48×12.5 %57.2 %5.085 %not computed
23 Sept 202617-Week Bill$72 B2.81×2.97×34.7 %55.1 %4.135 %not computed
23 Sept 20261-Year 10-Month Note (FRN) · reopening$28 B2.63×2.99×40.9 %59.1 %—not computed
23 Sept 20265-Year Note$70 B2.21×2.35×15.8 %54.3 %5.033 %not computed
22 Sept 20266-Week Bill · reopening$75 B3.03×2.88×28.7 %66.0 %3.870 %not computed
22 Sept 20262-Year Note$69 B2.63×2.81×13.2 %57.8 %4.787 %not computed
21 Sept 202613-Week Bill · reopening$92 B2.77×2.79×37.6 %54.1 %4.015 %not computed
21 Sept 202626-Week Bill$79 B2.62×2.84×33.4 %54.9 %4.155 %not computed
17 Sept 20264-Week Bill · reopening$90 B3.02×2.75×27.0 %69.9 %3.820 %not computed
17 Sept 20268-Week Bill · reopening$85 B2.94×2.79×32.8 %62.4 %3.920 %not computed
17 Sept 20269-Year 10-Month Note (TIPS) · reopening$19 B2.24×2.49×12.2 %59.1 %2.653 %not computed
16 Sept 202617-Week Bill$72 B2.72×2.97×42.3 %52.4 %4.030 %not computed
15 Sept 20266-Week Bill · reopening$75 B3.16×2.88×28.1 %68.8 %3.850 %not computed
15 Sept 202619-Year 11-Month Bond · reopening$13 B2.57×2.67×16.9 %52.5 %5.420 %not computed
14 Sept 202626-Week Bill · reopening$79 B2.74×2.84×33.1 %60.8 %4.060 %not computed
14 Sept 202613-Week Bill · reopening$92 B2.64×2.79×38.1 %55.1 %3.970 %not computed
10 Sept 20264-Week Bill · reopening$90 B2.81×2.75×24.3 %71.8 %3.775 %not computed
10 Sept 20268-Week Bill · reopening$85 B2.82×2.79×27.7 %66.3 %3.845 %not computed
10 Sept 202629-Year 11-Month Bond · reopening$22 B2.61×2.42×2.2 %79.5 %5.308 %not computed
9 Sept 202617-Week Bill$72 B2.73×2.97×48.1 %43.7 %3.895 %not computed
9 Sept 20269-Year 11-Month Note · reopening$39 B2.71×2.59×4.3 %79.2 %4.834 %not computed
8 Sept 20266-Week Bill · reopening$75 B2.93×2.88×33.2 %63.0 %3.740 %not computed
8 Sept 202613-Week Bill · reopening$92 B2.61×2.79×40.0 %51.9 %3.800 %not computed
8 Sept 202626-Week Bill$79 B2.88×2.84×27.1 %64.4 %3.890 %not computed
8 Sept 20263-Year Note$58 B2.72×2.65×10.9 %62.2 %4.474 %not computed
3 Sept 20264-Week Bill · reopening$90 B2.97×2.75×29.0 %67.6 %3.700 %not computed
3 Sept 20268-Week Bill · reopening$85 B3.02×2.79×25.2 %70.2 %3.750 %not computed
2 Sept 202617-Week Bill$72 B2.78×2.97×42.1 %51.2 %3.855 %not computed
1 Sept 20266-Week Bill · reopening$85 B2.85×2.88×28.9 %67.7 %3.735 %not computed
1 Sept 202652-Week Bill$52 B3.61×3.34×21.4 %75.3 %3.980 %not computed
31 Aug 202613-Week Bill · reopening$92 B2.77×2.79×40.5 %52.0 %3.770 %not computed

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