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-Year2.14×2.78×25 Aug 2020: 2.78×3-Year2.14×2.78×11 Aug 2020: 2.44×8 Sept 2020: 2.28×5-Year2.14×2.78×26 Aug 2020: 2.71×7-Year2.14×2.78×27 Aug 2020: 2.47×10-Year2.14×2.78×12 Aug 2020: 2.41×20-Year2.14×2.78×19 Aug 2020: 2.26×30-Year2.14×2.78×13 Aug 2020: 2.14×
Bid-to-cover per auction, last 12 per term. Dashed line: trailing-12 mean. Larger dot: latest.
2-Year15 %36 %25 Aug 2020: 29 %3-Year15 %36 %11 Aug 2020: 31 %8 Sept 2020: 36 %5-Year15 %36 %26 Aug 2020: 18 %7-Year15 %36 %27 Aug 2020: 15 %10-Year15 %36 %12 Aug 2020: 20 %20-Year15 %36 %19 Aug 2020: 26 %30-Year15 %36 %13 Aug 2020: 28 %
Dealer share per auction, last 12 per term. Dashed line: trailing-12 mean. Larger dot: latest.
Auction results
DateSecuritySizeBid-to-cover12-meanDealersIndirectsHigh yieldTail
10 Sept 20208-Week Bill · reopening$35 B3.23×2.82×46.1 %49.4 %0.105 %not computed
10 Sept 202029-Year 11-Month Bond · reopening$23 B2.31×2.42×21.3 %62.6 %1.473 %not computed
9 Sept 2020105-Day Bill · reopening$25 B3.70×3.86×48.0 %44.2 %0.115 %not computed
9 Sept 2020154-Day Bill$30 B3.29×3.46×50.5 %45.7 %0.120 %not computed
9 Sept 20209-Year 11-Month Note · reopening$35 B2.30×2.59×27.1 %58.3 %0.704 %not computed
8 Sept 202042-Day Bill · reopening$30 B3.19×2.76×56.1 %35.7 %0.105 %not computed
8 Sept 202013-Week Bill · reopening$54 B2.74×2.81×48.3 %44.4 %0.115 %not computed
8 Sept 2020119-Day Bill · reopening$30 B3.55×3.32×44.3 %50.7 %0.120 %not computed
8 Sept 202052-Week Bill$34 B3.04×3.35×64.3 %30.4 %0.140 %not computed
8 Sept 202026-Week Bill$51 B2.86×2.91×51.7 %45.4 %0.125 %not computed
8 Sept 20203-Year Note$50 B2.28×2.65×36.3 %50.7 %0.170 %not computed
3 Sept 20204-Week Bill · reopening$30 B3.83×2.77×48.3 %50.1 %0.090 %not computed
3 Sept 20208-Week Bill · reopening$35 B3.14×2.82×59.5 %36.3 %0.100 %not computed
2 Sept 2020105-Day Bill · reopening$25 B3.54×3.86×51.8 %40.6 %0.115 %not computed
2 Sept 2020154-Day Bill$30 B3.26×3.46×54.0 %41.3 %0.120 %not computed
1 Sept 202042-Day Bill · reopening$30 B3.42×2.76×48.6 %44.8 %0.090 %not computed
1 Sept 2020119-Day Bill · reopening$30 B3.21×3.32×57.7 %38.6 %0.115 %not computed
31 Aug 202026-Week Bill$51 B3.23×2.91×39.0 %58.7 %0.115 %not computed
31 Aug 202013-Week Bill · reopening$54 B2.71×2.81×55.1 %39.8 %0.105 %not computed
27 Aug 20204-Week Bill · reopening$30 B2.93×2.77×64.2 %29.4 %0.080 %not computed
27 Aug 20208-Week Bill · reopening$35 B2.93×2.82×50.0 %47.0 %0.090 %not computed
27 Aug 20207-Year Note$47 B2.47×2.48×15.3 %68.3 %0.519 %not computed
26 Aug 2020105-Day Bill · reopening$25 B3.68×3.86×53.2 %38.8 %0.100 %not computed
26 Aug 2020154-Day Bill$30 B3.67×3.46×46.0 %50.8 %0.110 %not computed
26 Aug 20201-Year 11-Month Note (FRN) · reopening$22 B2.85×3.02×45.9 %52.8 %—not computed
26 Aug 20205-Year Note$51 B2.71×2.35×17.8 %66.3 %0.298 %not computed
25 Aug 2020119-Day Bill · reopening$30 B3.05×3.32×68.3 %28.8 %0.110 %not computed
25 Aug 202042-Day Bill · reopening$30 B3.39×2.76×52.5 %42.0 %0.085 %not computed
25 Aug 20202-Year Note$50 B2.78×2.81×28.7 %57.6 %0.155 %not computed
24 Aug 202013-Week Bill · reopening$54 B2.57×2.81×59.4 %37.2 %0.100 %not computed
24 Aug 202026-Week Bill · reopening$51 B2.92×2.91×46.1 %50.6 %0.120 %not computed
20 Aug 20204-Week Bill · reopening$30 B3.17×2.77×66.4 %26.4 %0.080 %not computed
20 Aug 20208-Week Bill · reopening$35 B2.99×2.82×54.0 %42.0 %0.090 %not computed
20 Aug 202029-Year 6-Month Bond (TIPS) · reopening$7 B2.25×2.58×22.1 %70.4 %−0.272 %not computed
19 Aug 2020105-Day Bill · reopening$25 B3.36×3.86×61.5 %32.5 %0.105 %not computed
19 Aug 2020154-Day Bill$30 B3.39×3.46×60.0 %33.8 %0.115 %not computed
19 Aug 202020-Year Bond$25 B2.26×2.47×26.2 %62.6 %1.185 %not computed
18 Aug 202042-Day Bill · reopening$30 B3.22×2.76×54.9 %39.3 %0.090 %not computed
18 Aug 2020119-Day Bill · reopening$30 B3.36×3.32×53.5 %43.2 %0.110 %not computed
17 Aug 202013-Week Bill · reopening$54 B2.46×2.81×57.6 %35.8 %0.105 %not computed
17 Aug 202026-Week Bill$51 B2.87×2.91×50.9 %45.8 %0.120 %not computed
13 Aug 20204-Week Bill · reopening$30 B3.36×2.77×47.8 %48.6 %0.085 %not computed
13 Aug 20208-Week Bill · reopening$35 B3.03×2.82×49.0 %48.6 %0.100 %not computed
13 Aug 202030-Year Bond$26 B2.14×2.43×28.3 %59.8 %1.406 %not computed
12 Aug 2020105-Day Bill · reopening$25 B3.42×3.86×50.6 %42.9 %0.110 %not computed
12 Aug 2020154-Day Bill$30 B3.28×3.46×41.8 %55.0 %0.120 %not computed
12 Aug 202010-Year Note$38 B2.41×2.44×19.8 %65.4 %0.677 %not computed
11 Aug 202042-Day Bill · reopening$30 B3.19×2.76×49.4 %45.2 %0.095 %not computed
11 Aug 2020119-Day Bill · reopening$30 B3.39×3.32×57.3 %40.3 %0.110 %not computed
11 Aug 202052-Week Bill$34 B3.32×3.35×52.4 %42.9 %0.140 %not computed
11 Aug 20203-Year Note$48 B2.44×2.65×30.7 %57.0 %0.179 %not computed
10 Aug 202013-Week Bill · reopening$54 B2.75×2.81×49.4 %46.3 %0.105 %not computed
10 Aug 202026-Week Bill$51 B2.98×2.91×40.9 %55.9 %0.120 %not computed
6 Aug 20204-Week Bill · reopening$30 B3.76×2.77×39.9 %59.4 %0.080 %not computed
6 Aug 20208-Week Bill · reopening$35 B2.88×2.82×57.0 %38.7 %0.100 %not computed
5 Aug 2020105-Day Bill · reopening$25 B3.34×3.86×62.6 %33.6 %0.105 %not computed
5 Aug 2020154-Day Bill$30 B2.91×3.46×73.7 %23.1 %0.110 %not computed
4 Aug 202042-Day Bill · reopening$30 B3.45×2.76×48.8 %45.2 %0.085 %not computed
4 Aug 2020119-Day Bill · reopening$30 B3.45×3.32×61.5 %33.9 %0.100 %not computed
3 Aug 202026-Week Bill$51 B2.91×2.91×52.4 %44.1 %0.105 %not computed

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