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Independent research desk
Frameworks by James Lavish / Independent & unaffiliatedLast data check Fri 25 Sept 2026, 9:15 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-Year2.30×2.64×22 Feb 2022: 2.64×28 Mar 2022: 2.46×3-Year2.30×2.64×8 Mar 2022: 2.39×5-Year2.30×2.64×23 Feb 2022: 2.49×28 Mar 2022: 2.53×7-Year2.30×2.64×24 Feb 2022: 2.36×29 Mar 2022: 2.44×20-Year2.30×2.64×16 Feb 2022: 2.44×30-Year2.30×2.64×10 Feb 2022: 2.30×
Bid-to-cover per auction, last 12 per term. Dashed line: trailing-12 mean. Larger dot: latest.
2-Year11 %26 %22 Feb 2022: 16 %28 Mar 2022: 19 %3-Year11 %26 %8 Mar 2022: 26 %5-Year11 %26 %23 Feb 2022: 14 %28 Mar 2022: 20 %7-Year11 %26 %24 Feb 2022: 12 %29 Mar 2022: 11 %20-Year11 %26 %16 Feb 2022: 16 %30-Year11 %26 %10 Feb 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
7 Apr 20228-Week Bill · reopening$30 B2.96×2.82×59.1 %24.8 %0.500 %not computed
6 Apr 2022119-Day Bill$30 B3.70×3.32×36.8 %55.7 %0.910 %not computed
4 Apr 202226-Week Bill · reopening$48 B3.29×2.91×34.4 %60.5 %1.110 %not computed
4 Apr 202213-Week Bill · reopening$57 B2.46×2.81×59.9 %31.4 %0.670 %not computed
31 Mar 20224-Week Bill · reopening$35 B3.10×2.77×44.6 %50.1 %0.135 %not computed
31 Mar 20228-Week Bill · reopening$30 B2.75×2.82×75.2 %16.5 %0.380 %not computed
30 Mar 2022119-Day Bill$30 B3.15×3.32×47.0 %33.7 %0.805 %not computed
29 Mar 20227-Year Note$47 B2.44×2.48×10.5 %60.9 %2.499 %not computed
28 Mar 202213-Week Bill · reopening$57 B2.65×2.81×48.0 %44.5 %0.605 %not computed
28 Mar 202226-Week Bill$48 B3.00×2.91×36.2 %53.1 %1.050 %not computed
28 Mar 20225-Year Note$51 B2.53×2.35×20.1 %60.2 %2.543 %not computed
28 Mar 20222-Year Note$50 B2.46×2.81×19.4 %55.0 %2.365 %not computed
24 Mar 20224-Week Bill · reopening$35 B2.93×2.77×51.6 %41.1 %0.135 %not computed
24 Mar 20228-Week Bill · reopening$30 B2.99×2.82×54.4 %31.9 %0.300 %not computed
24 Mar 20229-Year 10-Month Note (TIPS) · reopening$14 B2.43×2.47×10.6 %67.9 %−0.589 %not computed
23 Mar 2022119-Day Bill$30 B3.65×3.32×39.0 %55.3 %0.710 %not computed
23 Mar 202219-Year 11-Month Bond · reopening$16 B2.72×2.67×9.6 %64.4 %2.651 %not computed
23 Mar 20221-Year 10-Month Note (FRN) · reopening$22 B3.75×2.99×23.8 %76.2 %—not computed
22 Mar 202252-Week Bill$34 B3.29×3.35×35.5 %46.7 %1.590 %not computed
21 Mar 202213-Week Bill · reopening$57 B2.60×2.81×55.7 %36.4 %0.480 %not computed
21 Mar 202226-Week Bill$48 B3.17×2.91×41.9 %53.4 %0.870 %not computed
17 Mar 20224-Week Bill · reopening$45 B3.31×2.77×28.0 %67.6 %0.190 %not computed
17 Mar 20228-Week Bill · reopening$35 B3.45×2.82×44.1 %49.6 %0.300 %not computed
16 Mar 2022119-Day Bill$35 B3.68×3.32×40.1 %55.8 %0.665 %not computed
14 Mar 202213-Week Bill · reopening$60 B2.77×2.81×42.4 %54.3 %0.450 %not computed
14 Mar 202226-Week Bill$51 B3.08×2.91×31.9 %64.0 %0.820 %not computed
10 Mar 20224-Week Bill · reopening$45 B3.03×2.77×36.0 %58.5 %0.195 %not computed
10 Mar 20228-Week Bill · reopening$35 B3.15×2.82×38.2 %56.5 %0.265 %not computed
10 Mar 202229-Year 11-Month Bond · reopening$20 B2.46×2.42×12.1 %71.5 %2.375 %not computed
9 Mar 2022119-Day Bill$35 B3.45×3.32×32.3 %64.3 %0.550 %not computed
9 Mar 20229-Year 11-Month Note · reopening$34 B2.47×2.59×13.7 %68.2 %1.920 %not computed
8 Mar 20223-Year Note$48 B2.39×2.65×26.3 %55.1 %1.775 %not computed
7 Mar 202226-Week Bill · reopening$51 B3.21×2.91×29.6 %66.9 %0.710 %not computed
7 Mar 202213-Week Bill · reopening$60 B2.99×2.81×33.9 %62.1 %0.380 %not computed
3 Mar 20224-Week Bill · reopening$45 B2.48×2.77×79.9 %15.2 %0.165 %not computed
3 Mar 20228-Week Bill · reopening$35 B3.69×2.82×34.5 %61.6 %0.205 %not computed
2 Mar 2022119-Day Bill$35 B4.20×3.32×29.8 %69.0 %0.535 %not computed
28 Feb 202213-Week Bill · reopening$60 B2.85×2.81×38.3 %56.9 %0.360 %not computed
28 Feb 202226-Week Bill$51 B3.12×2.91×35.0 %54.4 %0.670 %not computed
24 Feb 20224-Week Bill · reopening$45 B2.78×2.77×52.6 %42.9 %0.050 %not computed
24 Feb 20228-Week Bill · reopening$35 B3.70×2.82×25.3 %73.0 %0.200 %not computed
24 Feb 20227-Year Note$50 B2.36×2.48×12.3 %63.9 %1.905 %not computed
23 Feb 2022119-Day Bill$35 B3.16×3.32×40.8 %54.4 %0.570 %not computed
23 Feb 20221-Year 11-Month Note (FRN) · reopening$22 B3.22×3.02×27.2 %72.8 %—not computed
23 Feb 20225-Year Note$53 B2.49×2.35×13.8 %67.8 %1.880 %not computed
22 Feb 202213-Week Bill · reopening$60 B3.07×2.81×33.0 %61.1 %0.380 %not computed
22 Feb 202252-Week Bill$34 B2.81×3.35×45.1 %34.9 %1.145 %not computed
22 Feb 202226-Week Bill$51 B2.75×2.91×43.6 %39.1 %0.710 %not computed
22 Feb 20222-Year Note$52 B2.64×2.81×15.7 %65.6 %1.553 %not computed
17 Feb 20224-Week Bill · reopening$50 B3.48×2.77×28.8 %69.9 %0.080 %not computed
17 Feb 20228-Week Bill · reopening$40 B3.12×2.82×42.0 %54.4 %0.250 %not computed
17 Feb 202230-Year Bond (TIPS)$9 B2.17×2.43×20.3 %69.9 %0.195 %not computed
16 Feb 2022119-Day Bill$40 B2.99×3.32×59.9 %27.9 %0.550 %not computed
16 Feb 202220-Year Bond$19 B2.44×2.47×16.1 %62.9 %2.396 %not computed
14 Feb 202213-Week Bill · reopening$60 B3.06×2.81×37.3 %52.9 %0.440 %not computed
14 Feb 202226-Week Bill$51 B2.99×2.91×30.9 %56.1 %0.770 %not computed
10 Feb 20224-Week Bill · reopening$50 B3.18×2.77×33.2 %63.0 %0.020 %not computed
10 Feb 20228-Week Bill · reopening$40 B2.97×2.82×46.3 %47.3 %0.250 %not computed
10 Feb 202230-Year Bond$23 B2.30×2.43×14.3 %68.0 %2.340 %not computed
9 Feb 2022119-Day Bill$40 B3.17×3.32×51.7 %36.7 %0.430 %not computed

Older auctions →

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