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Independent research desk
Frameworks by James Lavish / Independent & unaffiliatedData as of Thu 24 Sept 2026, 10:40 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-Year2.38×2.74×26 Apr 2022: 2.74×24 May 2022: 2.61×3-Year2.38×2.74×11 Apr 2022: 2.48×10 May 2022: 2.59×5-Year2.38×2.74×27 Apr 2022: 2.41×25 May 2022: 2.44×7-Year2.38×2.74×28 Apr 2022: 2.41×26 May 2022: 2.69×10-Year2.38×2.74×11 May 2022: 2.49×20-Year2.38×2.74×18 May 2022: 2.50×30-Year2.38×2.74×12 May 2022: 2.38×
Bid-to-cover per auction, last 12 per term. Dashed line: trailing-12 mean. Larger dot: latest.
2-Year6 %29 %26 Apr 2022: 13 %24 May 2022: 15 %3-Year6 %29 %11 Apr 2022: 29 %10 May 2022: 20 %5-Year6 %29 %27 Apr 2022: 17 %25 May 2022: 17 %7-Year6 %29 %28 Apr 2022: 15 %26 May 2022: 6 %10-Year6 %29 %11 May 2022: 11 %20-Year6 %29 %18 May 2022: 13 %30-Year6 %29 %12 May 2022: 14 %
Dealer share per auction, last 12 per term. Dashed line: trailing-12 mean. Larger dot: latest.
Auction results
DateSecuritySizeBid-to-cover12-meanDealersIndirectsHigh yieldTail
2 Jun 20228-Week Bill · reopening$30 B3.23×2.81×43.2 %54.7 %1.040 %not computed
1 Jun 2022119-Day Bill$30 B3.09×3.32×35.2 %61.6 %1.390 %not computed
31 May 202226-Week Bill · reopening$42 B2.81×2.91×47.0 %50.3 %1.580 %not computed
31 May 202213-Week Bill · reopening$45 B2.98×2.81×35.4 %61.9 %1.120 %not computed
26 May 20224-Week Bill · reopening$35 B2.79×2.78×56.4 %39.8 %0.740 %not computed
26 May 20228-Week Bill · reopening$30 B3.36×2.81×44.8 %54.3 %0.915 %not computed
26 May 20227-Year Note$42 B2.69×2.48×6.4 %77.9 %2.777 %not computed
25 May 2022119-Day Bill$30 B3.21×3.32×41.6 %52.9 %1.280 %not computed
25 May 20221-Year 11-Month Note (FRN) · reopening$22 B3.22×3.02×22.3 %73.1 %—not computed
25 May 20225-Year Note$48 B2.44×2.36×17.0 %62.9 %2.736 %not computed
24 May 20222-Year Note$47 B2.61×2.80×15.4 %62.6 %2.519 %not computed
23 May 202213-Week Bill · reopening$45 B3.06×2.81×36.3 %58.8 %1.060 %not computed
23 May 202226-Week Bill$42 B3.07×2.91×35.1 %63.1 %1.530 %not computed
19 May 20224-Week Bill · reopening$35 B3.07×2.78×47.0 %49.1 %0.640 %not computed
19 May 20228-Week Bill · reopening$30 B2.90×2.81×53.8 %42.0 %0.900 %not computed
19 May 20229-Year 8-Month Note (TIPS) · reopening$14 B2.24×2.39×17.9 %70.7 %0.232 %not computed
18 May 202252-Week Bill$34 B3.12×3.35×35.8 %60.7 %2.100 %not computed
18 May 2022119-Day Bill$30 B3.05×3.32×54.5 %42.1 %1.250 %not computed
18 May 202220-Year Bond$17 B2.50×2.47×13.0 %70.6 %3.290 %not computed
16 May 202213-Week Bill · reopening$45 B2.82×2.81×40.5 %51.6 %1.050 %not computed
16 May 202226-Week Bill$42 B3.09×2.91×47.4 %49.5 %1.490 %not computed
12 May 20224-Week Bill · reopening$35 B2.70×2.78×70.5 %26.6 %0.600 %not computed
12 May 20228-Week Bill · reopening$30 B3.02×2.81×63.1 %33.6 %0.755 %not computed
12 May 202230-Year Bond$22 B2.38×2.43×13.7 %69.7 %2.997 %not computed
11 May 2022119-Day Bill$30 B3.29×3.32×47.0 %49.2 %1.160 %not computed
11 May 202210-Year Note$36 B2.49×2.44×11.5 %70.3 %2.943 %not computed
10 May 20223-Year Note$45 B2.59×2.65×20.0 %62.0 %2.809 %not computed
9 May 202213-Week Bill · reopening$45 B3.18×2.81×41.6 %47.9 %0.900 %not computed
9 May 202226-Week Bill$42 B2.72×2.91×60.7 %35.8 %1.385 %not computed
5 May 20224-Week Bill · reopening$35 B3.06×2.78×43.4 %54.6 %0.490 %not computed
5 May 20228-Week Bill · reopening$30 B3.55×2.81×42.7 %57.3 %0.710 %not computed
4 May 2022119-Day Bill$30 B3.31×3.32×42.0 %57.1 %1.225 %not computed
2 May 202226-Week Bill · reopening$42 B2.99×2.91×35.5 %64.4 %1.420 %not computed
2 May 202213-Week Bill · reopening$45 B3.27×2.81×37.3 %56.2 %0.910 %not computed
28 Apr 20224-Week Bill · reopening$35 B3.50×2.78×41.4 %58.2 %0.480 %not computed
28 Apr 20228-Week Bill · reopening$30 B3.64×2.81×46.4 %46.9 %0.710 %not computed
28 Apr 20227-Year Note$44 B2.41×2.48×15.2 %65.0 %2.908 %not computed
27 Apr 2022119-Day Bill$30 B3.56×3.32×33.5 %66.5 %1.110 %not computed
27 Apr 20222-Year Note (FRN)$24 B2.51×2.80×49.6 %29.5 %—not computed
27 Apr 20225-Year Note$49 B2.41×2.36×16.5 %64.0 %2.785 %not computed
26 Apr 20222-Year Note$48 B2.74×2.80×12.6 %66.0 %2.585 %not computed
25 Apr 202213-Week Bill · reopening$51 B2.96×2.81×52.8 %42.7 %0.890 %not computed
25 Apr 202226-Week Bill$45 B2.99×2.91×47.3 %50.9 %1.370 %not computed
21 Apr 20224-Week Bill · reopening$35 B3.21×2.78×53.3 %42.7 %0.500 %not computed
21 Apr 20228-Week Bill · reopening$30 B3.24×2.81×55.3 %41.8 %0.625 %not computed
21 Apr 20225-Year Note (TIPS)$20 B2.73×2.36×6.5 %89.5 %−0.340 %not computed
20 Apr 2022119-Day Bill$30 B3.82×3.32×51.3 %46.9 %1.070 %not computed
20 Apr 202219-Year 10-Month Bond · reopening$16 B2.80×2.69×8.7 %75.9 %3.095 %not computed
19 Apr 202252-Week Bill$34 B3.31×3.35×44.4 %45.1 %1.870 %not computed
18 Apr 202213-Week Bill · reopening$57 B2.72×2.81×47.3 %50.0 %0.860 %not computed
18 Apr 202226-Week Bill$48 B3.29×2.91×31.9 %67.1 %1.250 %not computed
14 Apr 20224-Week Bill · reopening$35 B2.84×2.78×56.3 %40.1 %0.370 %not computed
14 Apr 20228-Week Bill · reopening$30 B3.56×2.81×40.5 %58.7 %0.570 %not computed
13 Apr 2022119-Day Bill$30 B3.59×3.32×41.9 %54.6 %0.965 %not computed
13 Apr 202229-Year 10-Month Bond · reopening$20 B2.30×2.40×15.9 %65.2 %2.815 %not computed
12 Apr 20229-Year 10-Month Note · reopening$34 B2.43×2.47×18.7 %64.3 %2.720 %not computed
11 Apr 202213-Week Bill · reopening$57 B2.64×2.81×44.4 %50.9 %0.785 %not computed
11 Apr 202226-Week Bill$48 B3.32×2.91×29.6 %65.5 %1.220 %not computed
11 Apr 20223-Year Note$46 B2.48×2.65×29.0 %53.5 %2.738 %not computed
7 Apr 20224-Week Bill · reopening$35 B3.38×2.78×32.4 %66.4 %0.205 %not computed

Older auctions →

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