3-Year Note · 5 May 2025

CUSIP 91282CND9 · results published

Offering
$58.0 B
Total tendered
$168.7 B
Total accepted
$78.5 B
Bid-to-cover
2.56×
High yield
3.824 %
Median yield
3.769 %
Indirect bidders
$36.01 B (62.4 %)
Direct bidders
$13.69 B (23.7 %)
Primary dealers
$8.04 B (13.9 %)
SOMA
$20.47 B
Tail vs when-issued
not computed
Issue date
15 May 2025

Provenance

Source record: https://api.fiscaldata.treasury.gov/services/api/fiscal_service/v1/accounting/od/auctions_query?filter=cusip:eq:91282CND9,auction_date:eq:2025-05-05 · results PDF R_20250505_3.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
8 Apr 20252.47×20.7 %73.0 %3.784 %
11 Mar 20252.70×11.5 %62.5 %3.908 %
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 %
Auction 91282CND9 · The Fiscal Desk