3-Year Note · 9 Sept 2025

CUSIP 91282CNY3 · results published

Offering
$58.0 B
Total tendered
$158.1 B
Total accepted
$58.0 B
Bid-to-cover
2.73×
High yield
3.485 %
Median yield
3.445 %
Indirect bidders
$42.90 B (74.2 %)
Direct bidders
$10.05 B (17.4 %)
Primary dealers
$4.84 B (8.4 %)
SOMA
$0.00 B
Tail vs when-issued
not computed
Issue date
15 Sept 2025

Provenance

Source record: https://api.fiscaldata.treasury.gov/services/api/fiscal_service/v1/accounting/od/auctions_query?filter=cusip:eq:91282CNY3,auction_date:eq:2025-09-09 · results PDF R_20250909_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
5 Aug 20252.53×17.9 %54.0 %3.669 %
8 Jul 20252.51×16.5 %54.1 %3.891 %
10 Jun 20252.52×15.2 %66.8 %3.972 %
5 May 20252.56×13.9 %62.4 %3.824 %
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 %
Auction 91282CNY3 · The Fiscal Desk