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Independent research desk
Frameworks by James Lavish / Independent & unaffiliatedData as of Wed 23 Sept 2026, 4:30 pm 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-Year2.41×2.62×25 Mar 2024: 2.62×3-Year2.41×2.62×11 Mar 2024: 2.60×9 Apr 2024: 2.50×5-Year2.41×2.62×26 Mar 2024: 2.41×7-Year2.41×2.62×27 Feb 2024: 2.58×27 Mar 2024: 2.61×
Bid-to-cover per auction, last 12 per term. Dashed line: trailing-12 mean. Larger dot: latest.
2-Year13 %19 %25 Mar 2024: 13 %3-Year13 %19 %11 Mar 2024: 14 %9 Apr 2024: 19 %5-Year13 %19 %26 Mar 2024: 13 %7-Year13 %19 %27 Feb 2024: 16 %27 Mar 2024: 13 %
Dealer share per auction, last 12 per term. Dashed line: trailing-12 mean. Larger dot: latest.
Auction results
DateSecuritySizeBid-to-cover12-meanDealersIndirectsHigh yieldTail
16 Apr 202442-Day Bill · reopening$65 B2.79×2.76×38.2 %55.6 %5.285 %not computed
16 Apr 202452-Week Bill$46 B2.88×3.35×31.8 %65.8 %4.915 %not computed
15 Apr 202413-Week Bill · reopening$70 B2.95×2.81×36.6 %56.2 %5.250 %not computed
15 Apr 202426-Week Bill$70 B2.79×2.91×28.8 %61.0 %5.155 %not computed
11 Apr 20244-Week Bill · reopening$70 B2.95×2.78×27.4 %66.5 %5.270 %not computed
11 Apr 20248-Week Bill · reopening$75 B3.14×2.81×32.7 %61.2 %5.270 %not computed
11 Apr 202429-Year 10-Month Bond · reopening$22 B2.37×2.40×17.3 %64.4 %4.671 %not computed
10 Apr 202417-Week Bill$60 B3.12×3.02×42.1 %50.5 %5.230 %not computed
10 Apr 20249-Year 10-Month Note · reopening$39 B2.34×2.47×24.0 %61.8 %4.560 %not computed
9 Apr 202442-Day Bill · reopening$65 B2.93×2.76×44.2 %50.6 %5.275 %not computed
9 Apr 20243-Year Note$58 B2.50×2.65×19.3 %60.3 %4.548 %not computed
8 Apr 202413-Week Bill · reopening$70 B2.79×2.81×45.7 %49.1 %5.225 %not computed
8 Apr 202426-Week Bill$70 B3.00×2.91×27.2 %65.4 %5.120 %not computed
4 Apr 20244-Week Bill · reopening$70 B3.13×2.78×31.9 %59.4 %5.265 %not computed
4 Apr 20248-Week Bill · reopening$75 B2.87×2.81×43.9 %50.8 %5.260 %not computed
3 Apr 202417-Week Bill$60 B2.91×3.02×46.0 %48.1 %5.200 %not computed
2 Apr 202442-Day Bill · reopening$65 B3.12×2.76×49.6 %45.2 %5.280 %not computed
1 Apr 202413-Week Bill · reopening$70 B2.83×2.81×36.0 %59.1 %5.230 %not computed
1 Apr 202426-Week Bill · reopening$70 B2.85×2.91×27.3 %67.3 %5.125 %not computed
28 Mar 20244-Week Bill · reopening$75 B2.74×2.78×35.5 %58.4 %5.285 %not computed
28 Mar 20248-Week Bill · reopening$80 B2.89×2.81×32.7 %63.4 %5.275 %not computed
27 Mar 202417-Week Bill$60 B2.77×3.02×48.8 %46.5 %5.205 %not computed
27 Mar 20241-Year 10-Month Note (FRN) · reopening$28 B3.22×3.06×41.1 %58.6 %—not computed
27 Mar 20247-Year Note$43 B2.61×2.48×12.9 %69.7 %4.185 %not computed
26 Mar 202442-Day Bill · reopening$70 B3.01×2.76×47.1 %48.1 %5.280 %not computed
26 Mar 20245-Year Note$67 B2.41×2.36×12.7 %70.5 %4.235 %not computed
25 Mar 202413-Week Bill · reopening$73 B2.88×2.81×34.3 %58.3 %5.230 %not computed
25 Mar 202426-Week Bill$70 B2.72×2.91×30.1 %66.1 %5.105 %not computed
25 Mar 20242-Year Note$66 B2.62×2.80×13.4 %65.8 %4.595 %not computed
21 Mar 20244-Week Bill · reopening$85 B3.00×2.78×28.8 %66.8 %5.270 %not computed
21 Mar 20248-Week Bill · reopening$85 B2.93×2.81×42.2 %54.1 %5.270 %not computed
21 Mar 20249-Year 10-Month Note (TIPS) · reopening$16 B2.35×2.47×12.0 %72.0 %1.932 %not computed
20 Mar 202417-Week Bill$60 B2.73×3.02×49.7 %44.9 %5.215 %not computed
19 Mar 202442-Day Bill · reopening$75 B2.90×2.76×43.1 %51.3 %5.280 %not computed
19 Mar 202452-Week Bill$46 B2.88×3.35×45.7 %51.4 %4.810 %not computed
19 Mar 202419-Year 11-Month Bond · reopening$13 B2.79×2.67×9.4 %73.5 %4.542 %not computed
18 Mar 202413-Week Bill · reopening$76 B2.81×2.81×42.6 %47.2 %5.245 %not computed
18 Mar 202426-Week Bill$70 B2.76×2.91×39.6 %56.8 %5.130 %not computed
14 Mar 20244-Week Bill · reopening$95 B2.79×2.78×35.6 %59.9 %5.280 %not computed
14 Mar 20248-Week Bill · reopening$90 B2.87×2.81×38.9 %56.0 %5.275 %not computed
13 Mar 202417-Week Bill$60 B3.00×3.02×43.2 %51.2 %5.210 %not computed
13 Mar 202429-Year 11-Month Bond · reopening$22 B2.47×2.42×13.9 %69.3 %4.331 %not computed
12 Mar 202442-Day Bill · reopening$80 B2.80×2.76×46.7 %46.8 %5.285 %not computed
12 Mar 20249-Year 11-Month Note · reopening$39 B2.51×2.59×17.1 %64.3 %4.166 %not computed
11 Mar 202413-Week Bill · reopening$79 B2.53×2.81×49.7 %44.0 %5.250 %not computed
11 Mar 202426-Week Bill$70 B2.95×2.91×32.6 %61.4 %5.100 %not computed
11 Mar 20243-Year Note$56 B2.60×2.65×14.4 %70.1 %4.256 %not computed
7 Mar 20244-Week Bill · reopening$95 B2.76×2.78×41.3 %54.3 %5.280 %not computed
7 Mar 20248-Week Bill · reopening$90 B2.90×2.81×38.8 %57.5 %5.280 %not computed
6 Mar 202417-Week Bill$60 B2.84×3.02×42.5 %53.3 %5.205 %not computed
5 Mar 202442-Day Bill · reopening$80 B2.88×2.76×45.1 %51.7 %5.285 %not computed
4 Mar 202426-Week Bill · reopening$70 B2.59×2.91×40.1 %51.7 %5.105 %not computed
4 Mar 202413-Week Bill · reopening$79 B2.65×2.81×43.1 %50.9 %5.240 %not computed
29 Feb 20244-Week Bill · reopening$95 B2.80×2.78×37.2 %60.2 %5.285 %not computed
29 Feb 20248-Week Bill · reopening$90 B2.71×2.81×42.1 %54.7 %5.285 %not computed
28 Feb 202417-Week Bill$60 B2.86×3.02×44.1 %52.0 %5.225 %not computed
27 Feb 202442-Day Bill · reopening$80 B2.61×2.76×43.1 %53.8 %5.290 %not computed
27 Feb 20247-Year Note$42 B2.58×2.48×15.6 %69.6 %4.327 %not computed
26 Feb 202413-Week Bill · reopening$79 B2.93×2.81×37.0 %59.3 %5.255 %not computed
26 Feb 202426-Week Bill$70 B2.92×2.91×28.0 %70.1 %5.130 %not computed

Older auctions →

* entered by the editor from a press source with a citation. JSON