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Independent research desk
Frameworks by James Lavish / Independent & unaffiliatedLast data check Fri 25 Sept 2026, 5:16 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-Year2.42×2.52×22 Sept 2020: 2.42×3-Year2.42×2.52×6 Oct 2020: 2.44×5-Year2.42×2.52×23 Sept 2020: 2.52×7-Year2.42×2.52×24 Sept 2020: 2.42×
Bid-to-cover per auction, last 12 per term. Dashed line: trailing-12 mean. Larger dot: latest.
2-Year21 %33 %22 Sept 2020: 33 %3-Year21 %33 %6 Oct 2020: 32 %5-Year21 %33 %23 Sept 2020: 21 %7-Year21 %33 %24 Sept 2020: 21 %
Dealer share per auction, last 12 per term. Dashed line: trailing-12 mean. Larger dot: latest.
Auction results
DateSecuritySizeBid-to-cover12-meanDealersIndirectsHigh yieldTail
22 Oct 20208-Week Bill · reopening$35 B3.51×2.82×49.6 %39.6 %0.090 %not computed
22 Oct 20205-Year Note (TIPS)$17 B2.66×2.35×16.7 %62.8 %−1.320 %not computed
21 Oct 2020105-Day Bill · reopening$25 B3.84×3.86×57.9 %32.5 %0.100 %not computed
21 Oct 2020154-Day Bill$30 B3.61×3.46×46.1 %40.3 %0.115 %not computed
21 Oct 202019-Year 10-Month Bond · reopening$22 B2.43×2.69×21.5 %63.0 %1.370 %not computed
20 Oct 2020119-Day Bill · reopening$30 B3.54×3.32×57.6 %39.9 %0.105 %not computed
20 Oct 202042-Day Bill · reopening$30 B3.67×2.76×40.5 %54.3 %0.090 %not computed
19 Oct 202026-Week Bill · reopening$51 B3.04×2.91×38.6 %54.9 %0.115 %not computed
19 Oct 202013-Week Bill · reopening$54 B3.00×2.81×53.6 %40.8 %0.100 %not computed
15 Oct 20204-Week Bill · reopening$30 B3.29×2.77×61.9 %32.0 %0.090 %not computed
15 Oct 20208-Week Bill · reopening$35 B3.21×2.82×54.8 %42.0 %0.095 %not computed
14 Oct 2020105-Day Bill · reopening$25 B3.52×3.86×55.9 %41.1 %0.105 %not computed
14 Oct 2020154-Day Bill$30 B3.25×3.46×52.1 %45.5 %0.120 %not computed
13 Oct 202043-Day Bill · reopening$30 B3.43×3.03×55.4 %31.7 %0.095 %not computed
13 Oct 202013-Week Bill · reopening$54 B2.72×2.81×55.4 %38.4 %0.105 %not computed
13 Oct 2020119-Day Bill · reopening$30 B3.36×3.32×47.3 %50.5 %0.110 %not computed
13 Oct 202026-Week Bill$51 B3.02×2.91×38.5 %59.3 %0.115 %not computed
8 Oct 20204-Week Bill · reopening$30 B3.34×2.77×70.5 %23.2 %0.090 %not computed
8 Oct 20208-Week Bill · reopening$35 B3.45×2.82×53.7 %44.5 %0.090 %not computed
8 Oct 202029-Year 10-Month Bond · reopening$23 B2.29×2.40×23.0 %62.0 %1.578 %not computed
7 Oct 2020105-Day Bill · reopening$25 B3.45×3.86×59.8 %37.6 %0.100 %not computed
7 Oct 2020154-Day Bill$30 B3.17×3.46×58.8 %39.2 %0.110 %not computed
7 Oct 20209-Year 10-Month Note · reopening$35 B2.47×2.47×22.9 %62.9 %0.765 %not computed
6 Oct 202042-Day Bill · reopening$30 B3.30×2.76×41.4 %43.9 %0.090 %not computed
6 Oct 2020119-Day Bill · reopening$30 B3.13×3.32×67.3 %28.1 %0.105 %not computed
6 Oct 202052-Week Bill$34 B3.15×3.35×56.2 %41.1 %0.140 %not computed
6 Oct 20203-Year Note$52 B2.44×2.65×31.7 %55.7 %0.193 %not computed
5 Oct 202013-Week Bill · reopening$54 B2.81×2.81×44.2 %50.3 %0.095 %not computed
5 Oct 202026-Week Bill$51 B2.91×2.91×47.1 %49.9 %0.110 %not computed
1 Oct 20204-Week Bill · reopening$30 B3.33×2.77×51.1 %38.6 %0.085 %not computed
1 Oct 20208-Week Bill · reopening$35 B3.61×2.82×37.3 %60.8 %0.085 %not computed
30 Sept 2020105-Day Bill · reopening$25 B3.61×3.86×44.3 %50.9 %0.095 %not computed
30 Sept 2020154-Day Bill$30 B3.53×3.46×30.6 %66.1 %0.105 %not computed
29 Sept 202042-Day Bill · reopening$30 B3.42×2.76×56.1 %32.0 %0.085 %not computed
29 Sept 2020119-Day Bill · reopening$30 B4.19×3.32×47.2 %49.5 %0.090 %not computed
28 Sept 202026-Week Bill$51 B3.11×2.91×36.2 %60.7 %0.105 %not computed
28 Sept 202013-Week Bill · reopening$54 B2.88×2.81×49.1 %45.6 %0.100 %not computed
24 Sept 20204-Week Bill · reopening$30 B3.88×2.77×56.0 %37.5 %0.075 %not computed
24 Sept 20208-Week Bill · reopening$35 B3.60×2.82×56.9 %36.9 %0.090 %not computed
24 Sept 20207-Year Note$50 B2.42×2.48×20.5 %62.9 %0.462 %not computed
23 Sept 2020105-Day Bill · reopening$25 B4.08×3.86×54.0 %33.6 %0.090 %not computed
23 Sept 2020154-Day Bill$30 B3.29×3.46×63.6 %32.3 %0.100 %not computed
23 Sept 20201-Year 10-Month Note (FRN) · reopening$22 B2.88×2.99×74.4 %16.3 %—not computed
23 Sept 20205-Year Note$53 B2.52×2.35×20.7 %61.9 %0.275 %not computed
22 Sept 2020119-Day Bill · reopening$30 B3.95×3.32×44.5 %53.3 %0.095 %not computed
22 Sept 202042-Day Bill · reopening$30 B3.61×2.76×60.0 %29.3 %0.085 %not computed
22 Sept 20202-Year Note$52 B2.42×2.81×33.4 %52.5 %0.136 %not computed
21 Sept 202026-Week Bill · reopening$51 B3.23×2.91×43.7 %53.3 %0.105 %not computed
21 Sept 202013-Week Bill · reopening$54 B2.89×2.81×57.5 %35.3 %0.100 %not computed
17 Sept 20204-Week Bill · reopening$30 B3.74×2.77×52.7 %35.6 %0.080 %not computed
17 Sept 20208-Week Bill · reopening$35 B3.09×2.82×58.7 %35.3 %0.095 %not computed
17 Sept 20209-Year 10-Month Note (TIPS) · reopening$12 B2.65×2.47×16.3 %68.7 %−0.966 %not computed
16 Sept 2020105-Day Bill · reopening$25 B3.76×3.86×54.2 %35.2 %0.100 %not computed
16 Sept 2020154-Day Bill$30 B3.45×3.46×50.8 %46.2 %0.110 %not computed
15 Sept 202042-Day Bill · reopening$30 B3.37×2.76×62.2 %25.8 %0.095 %not computed
15 Sept 2020119-Day Bill · reopening$30 B3.88×3.32×60.7 %27.8 %0.110 %not computed
15 Sept 202019-Year 11-Month Bond · reopening$22 B2.39×2.67×24.1 %60.7 %1.213 %not computed
14 Sept 202013-Week Bill · reopening$54 B3.12×2.81×47.3 %46.1 %0.110 %not computed
14 Sept 202026-Week Bill$51 B3.26×2.91×44.8 %48.0 %0.120 %not computed
10 Sept 20204-Week Bill · reopening$30 B3.53×2.77×49.2 %41.7 %0.090 %not computed

Older auctions →

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