How did the latest 3-year 3-month Treasury note auction go?
The last 3-year 3-month note auction was on ; Treasury published no result for it.
Discontinued Treasury has not auctioned this term since 4 August 1981.
High yield
15.970%
Sold
$5.67 billion
The latest auction against its own history
| Measure | This auction | Window | Higher | Lower | Median |
|---|---|---|---|---|---|
| High yield | 15.970 | All 2 since 6 May 1980 | 0 of 2 | 2 of 2 | 9.625 |
| High minus median, basis points | 1.0 | All 2 since 6 May 1980 | 2 of 2 | 0 of 2 | 2.5 |
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 3-month note auction
| Auction | Offered as | High yield, % | Bid-to-cover | Offered, $ billion | Sold, $ billion | Indirect, % | Direct, % | Dealers, % | High − median, bp |
|---|---|---|---|---|---|---|---|---|---|
| 3-Year 3-Month | 15.970 | – | 4.250 | 5.675 | – | – | – | 1.0 | |
| 3-Year 3-Month | 9.900 | – | 4.000 | 5.753 | – | – | – | 2.0 | |
| 3-Year 3-Month | 9.350 | – | 3.500 | 6.608 | – | – | – | 3.0 |
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.