3-Year Note · 11 Mar 2025

CUSIP 91282CMS7 · results published

Offering
$58.0 B
Total tendered
$157.4 B
Total accepted
$59.0 B
Bid-to-cover
2.70×
High yield
3.908 %
Median yield
3.850 %
Indirect bidders
$36.16 B (62.5 %)
Direct bidders
$15.04 B (26.0 %)
Primary dealers
$6.63 B (11.5 %)
SOMA
$0.98 B
Tail vs when-issued
not computed
Issue date
17 Mar 2025

Provenance

Source record: https://api.fiscaldata.treasury.gov/services/api/fiscal_service/v1/accounting/od/auctions_query?filter=cusip:eq:91282CMS7,auction_date:eq:2025-03-11 · results PDF R_20250311_2.pdf

Snapshot 6b6428474d32 fetched Tue 22 Sept 2026, 10:50 am ET from https://api.fiscaldata.treasury.gov/services/api/fiscal_service/v1/accounting/od/auctions_query?filter=auction_date%3Agte%3A2019-01-01&sort=-auction_date&page%5Bsize%5D=10000&page%5Bnumber%5D=1

Previous 3-Year auctions

DateBid-to-coverDealersIndirectsHigh yield
11 Feb 20252.79×10.2 %74.0 %4.300 %
6 Jan 20252.62×19.4 %61.0 %4.332 %
10 Dec 20242.58×15.1 %64.2 %4.117 %
4 Nov 20242.60×19.8 %70.6 %4.152 %
8 Oct 20242.45×19.2 %56.9 %3.878 %
10 Sept 20242.66×10.5 %78.2 %3.440 %
6 Aug 20242.55×15.4 %64.4 %3.810 %
9 Jul 20242.67×14.8 %64.0 %4.399 %
10 Jun 20242.43×20.0 %64.1 %4.659 %
7 May 20242.63×14.9 %65.5 %4.605 %
9 Apr 20242.50×19.3 %60.3 %4.548 %
11 Mar 20242.60×14.4 %70.1 %4.256 %
Auction 91282CMS7 · The Fiscal Desk