Auction result
3-Year Treasury Note auction result for September 7, 2021
The 3-Year Treasury Note held on September 7, 2021 recorded an official high rate of 0.447% and a bid-to-cover ratio of 2.45. Bid-to-cover decreased from 2.54 at the preceding comparable auction.
High yield
0.447%
Bid-to-cover
2.45
Direct bidders
17.1%
Primary dealers
22.0%
Comparable historical context
| Auction date | Series | Result | Bid-to-cover | Offering | Direct | Indirect | Dealers |
|---|---|---|---|---|---|---|---|
| 2021-09-07 | 3Y Note | High yield: 0.447% | 2.45 | $58.0B | 17.1% | 51.2% | 22.0% |
| 2021-08-10 | 3Y Note | High yield: 0.465% | 2.54 | $58.0B | 12.7% | 38.3% | 18.1% |