Auction result
3-Year Treasury Note auction result for October 12, 2021
The 3-Year Treasury Note held on October 12, 2021 recorded an official high rate of 0.635% and a bid-to-cover ratio of 2.36. Bid-to-cover decreased from 2.45 at the preceding comparable auction.
High yield
0.635%
Bid-to-cover
2.36
Direct bidders
17.5%
Primary dealers
34.2%
Comparable historical context
| Auction date | Series | Result | Bid-to-cover | Offering | Direct | Indirect | Dealers |
|---|---|---|---|---|---|---|---|
| 2021-10-12 | 3Y Note | High yield: 0.635% | 2.36 | $58.0B | 17.5% | 41.0% | 34.2% |
| 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% |