How did the latest 3-year 11-month Treasury note auction go?
The last 3-year 11-month note auction was on ; Treasury published no result for it.
Discontinued Treasury has not auctioned this term since 29 October 1985.
High yield
9.470%
Sold
$7.27 billion
The latest auction against its own history
| Measure | This auction | Window | Higher | Lower | Median |
|---|---|---|---|---|---|
| High yield | 9.470 | All 2 since 24 October 1984 | 2 of 2 | 0 of 2 | 11.450 |
| High minus median, basis points | 0.0 | All 2 since 24 October 1984 | 2 of 2 | 0 of 2 | 3.5 |
The table scrolls sideways; the first column stays in place.
What this number cannot tell you
- Why it sold where it did. Results show what was bid and accepted, not the reasons behind any bid.
- The auction tail as markets quote it. That compares the high yield with the when-issued yield just before bids closed, a market price that is not public; we show high minus median instead, a different measure.
- Who the bidders are. Indirect bidders include foreign and international accounts bidding through the New York Fed and investors bidding through dealers; Treasury does not publish names.
- Demand on another day. A bid-to-cover ratio counts bids at one auction against the amount offered, and the amount offered changes from auction to auction.
Every 3-year 11-month note auction
| Auction | Offered as | High yield, % | Bid-to-cover | Offered, $ billion | Sold, $ billion | Indirect, % | Direct, % | Dealers, % | High − median, bp |
|---|---|---|---|---|---|---|---|---|---|
| 3-Year 11-Month | 9.470 | – | 6.750 | 7.272 | – | – | – | 0.0 | |
| 3-Year 11-Month | 11.460 | – | 1.000 | 1.001 | – | – | – | 5.0 | |
| 3-Year 11-Month | 11.440 | – | 6.000 | 6.535 | – | – | – | 2.0 |
The table scrolls sideways; the first column stays in place.
Sources and licence
Sources and licence
- U.S. Treasury, Bureau of the Fiscal Service, Fiscal Data (source). Licence: Public domain, a work of the US federal government
Our text and compilation: CC BY 4.0. How to reuse and cite this page.