notes · official results
3-Year Treasury Note auction results
The 3-year note sits between front-end policy expectations and intermediate maturity demand. Its issuance cadence and bidder mix can differ from the 2-year and 5-year notes.
62 complete comparable auctions stored · history threshold met
High yield
4.474%
Bid-to-cover
2.72
Offering amount
$58.0B
Indirect bidders
61.7%
The 3-Year Treasury Note held on September 8, 2026 recorded an official high rate of 4.474% and a bid-to-cover ratio of 2.72. Bid-to-cover increased from 2.71 at the preceding comparable auction.
Comparable auction history
Actual auction dates with no interpolation.
Range: 2.45 to 2.85 · latest 2.72
Recent comparable auctions
The table is available in the server-rendered response as an accessible alternative to the chart.
| Auction date | Series | Result | Bid-to-cover | Offering | Direct | Indirect | Dealers |
|---|---|---|---|---|---|---|---|
| 2026-09-08 | 3Y Note | High yield: 4.474% | 2.72 | $58.0B | 26.8% | 61.7% | 10.8% |
| 2026-08-11 | 3Y Note | High yield: 4.291% | 2.71 | $58.0B | 19.0% | 50.7% | 9.3% |
| 2026-07-07 | 3Y Note | High yield: 4.179% | 2.60 | $58.0B | 22.3% | 60.9% | 7.0% |
| 2026-06-09 | 3Y Note | High yield: 4.192% | 2.64 | $58.0B | 20.9% | 63.4% | 15.2% |
| 2026-05-11 | 3Y Note | High yield: 3.965% | 2.54 | $58.0B | 16.2% | 50.5% | 13.6% |
| 2026-04-07 | 3Y Note | High yield: 3.897% | 2.68 | $58.0B | 10.1% | 63.3% | 11.2% |
| 2026-03-10 | 3Y Note | High yield: 3.579% | 2.55 | $58.0B | 20.6% | 59.6% | 19.4% |
| 2026-02-10 | 3Y Note | High yield: 3.518% | 2.62 | $58.0B | 24.8% | 44.3% | 8.5% |
| 2026-01-12 | 3Y Note | High yield: 3.609% | 2.65 | $58.0B | 22.7% | 43.4% | 10.8% |
| 2025-12-08 | 3Y Note | High yield: 3.614% | 2.64 | $58.0B | 18.9% | 71.6% | 9.0% |
| 2025-11-10 | 3Y Note | High yield: 3.579% | 2.85 | $58.0B | 23.5% | 54.2% | 8.4% |
| 2025-10-07 | 3Y Note | High yield: 3.576% | 2.66 | $58.0B | 26.0% | 61.4% | 10.5% |
| 2025-09-09 | 3Y Note | High yield: 3.485% | 2.73 | $58.0B | 17.3% | 74.0% | 8.3% |
| 2025-08-05 | 3Y Note | High yield: 3.669% | 2.53 | $58.0B | 21.0% | 40.2% | 13.3% |
| 2025-07-08 | 3Y Note | High yield: 3.891% | 2.51 | $58.0B | 26.2% | 48.3% | 14.7% |
| 2025-06-10 | 3Y Note | High yield: 3.972% | 2.52 | $58.0B | 17.7% | 65.4% | 14.9% |
| 2025-05-05 | 3Y Note | High yield: 3.824% | 2.56 | $58.0B | 17.4% | 45.9% | 10.2% |
| 2025-04-08 | 3Y Note | High yield: 3.784% | 2.47 | $58.0B | 5.3% | 62.4% | 17.7% |
| 2025-03-11 | 3Y Note | High yield: 3.908% | 2.70 | $58.0B | 25.5% | 61.3% | 11.2% |
| 2025-02-11 | 3Y Note | High yield: 4.300% | 2.79 | $58.0B | 12.3% | 57.6% | 7.9% |
| 2025-01-06 | 3Y Note | High yield: 4.332% | 2.62 | $58.0B | 16.1% | 49.8% | 15.8% |
| 2024-12-10 | 3Y Note | High yield: 4.117% | 2.58 | $58.0B | 20.4% | 63.2% | 14.9% |
| 2024-11-04 | 3Y Note | High yield: 4.152% | 2.60 | $58.0B | 7.7% | 56.6% | 15.8% |
| 2024-10-08 | 3Y Note | High yield: 3.878% | 2.45 | $58.0B | 23.6% | 55.9% | 18.8% |
| 2024-09-10 | 3Y Note | High yield: 3.440% | 2.66 | $58.0B | 11.1% | 77.1% | 10.3% |
| 2024-08-06 | 3Y Note | High yield: 3.810% | 2.55 | $58.0B | 16.9% | 53.9% | 12.8% |
| 2024-07-09 | 3Y Note | High yield: 4.399% | 2.67 | $58.0B | 18.1% | 54.5% | 12.6% |
| 2024-06-10 | 3Y Note | High yield: 4.659% | 2.43 | $58.0B | 15.3% | 61.8% | 19.2% |
| 2024-05-07 | 3Y Note | High yield: 4.605% | 2.63 | $58.0B | 17.3% | 57.9% | 13.1% |
| 2024-04-09 | 3Y Note | High yield: 4.548% | 2.50 | $58.0B | 20.0% | 59.0% | 18.9% |
| 2024-03-11 | 3Y Note | High yield: 4.256% | 2.60 | $56.0B | 15.5% | 69.8% | 14.3% |
| 2024-02-06 | 3Y Note | High yield: 4.169% | 2.58 | $54.0B | 17.0% | 61.0% | 14.5% |
| 2024-01-09 | 3Y Note | High yield: 4.105% | 2.67 | $52.0B | 16.7% | 64.8% | 17.7% |
| 2023-12-11 | 3Y Note | High yield: 4.490% | 2.42 | $50.0B | 21.5% | 51.6% | 26.0% |
| 2023-11-07 | 3Y Note | High yield: 4.701% | 2.67 | $48.0B | 18.6% | 62.7% | 15.8% |
| 2023-10-10 | 3Y Note | High yield: 4.740% | 2.56 | $46.0B | 21.8% | 55.7% | 22.0% |
| 2023-09-11 | 3Y Note | High yield: 4.660% | 2.75 | $44.0B | 21.9% | 57.2% | 20.1% |
| 2023-08-08 | 3Y Note | High yield: 4.398% | 2.90 | $42.0B | 11.3% | 53.2% | 7.4% |
| 2023-07-11 | 3Y Note | High yield: 4.534% | 2.88 | $40.0B | 19.6% | 68.8% | 10.7% |
| 2023-06-12 | 3Y Note | High yield: 4.202% | 2.70 | $40.0B | 21.7% | 61.3% | 16.7% |
| 2023-05-09 | 3Y Note | High yield: 3.695% | 2.93 | $40.0B | 10.7% | 57.5% | 10.2% |
| 2023-04-11 | 3Y Note | High yield: 3.810% | 2.59 | $40.0B | 19.7% | 57.4% | 16.6% |
| 2023-03-07 | 3Y Note | High yield: 4.635% | 2.73 | $40.0B | 20.6% | 62.1% | 16.7% |
| 2023-02-07 | 3Y Note | High yield: 4.073% | 2.33 | $40.0B | 15.0% | 42.2% | 14.2% |
| 2023-01-10 | 3Y Note | High yield: 3.977% | 2.84 | $40.0B | 13.1% | 69.2% | 17.2% |
| 2022-12-12 | 3Y Note | High yield: 4.093% | 2.55 | $40.0B | 20.2% | 61.0% | 17.6% |
| 2022-11-08 | 3Y Note | High yield: 4.605% | 2.57 | $40.0B | 12.4% | 45.4% | 15.2% |
| 2022-10-11 | 3Y Note | High yield: 4.318% | 2.57 | $40.0B | 19.3% | 52.7% | 26.7% |
| 2022-09-12 | 3Y Note | High yield: 3.564% | 2.49 | $41.0B | 21.7% | 54.3% | 23.5% |
| 2022-08-09 | 3Y Note | High yield: 3.202% | 2.50 | $42.0B | 10.5% | 38.4% | 11.9% |
| 2022-07-11 | 3Y Note | High yield: 3.093% | 2.43 | $43.0B | 17.1% | 53.2% | 17.9% |
| 2022-06-07 | 3Y Note | High yield: 2.927% | 2.45 | $44.0B | 22.1% | 48.2% | 23.3% |