Reopening
10-Year Treasury Note auction result for December 8, 2021
The 10-Year Treasury Note reopening held on December 8, 2021 recorded an official high rate of 1.518% and a bid-to-cover ratio of 2.43. Bid-to-cover increased from 2.35 at the preceding comparable auction.
High yield
1.518%
Bid-to-cover
2.43
Direct bidders
15.5%
Primary dealers
11.6%
Comparable historical context
| Auction date | Series | Result | Bid-to-cover | Offering | Direct | Indirect | Dealers |
|---|---|---|---|---|---|---|---|
| 2021-12-08 | 9Y Note · reopening | High yield: 1.518% | 2.43 | $36.0B | 15.5% | 60.0% | 11.6% |
| 2021-11-09 | 10Y Note | High yield: 1.444% | 2.35 | $39.0B | 8.7% | 45.0% | 9.6% |
| 2021-10-12 | 9Y Note · reopening | High yield: 1.584% | 2.58 | $38.0B | 16.5% | 66.1% | 10.4% |
| 2021-09-08 | 9Y Note · reopening | High yield: 1.338% | 2.59 | $38.0B | 15.0% | 64.2% | 11.1% |
| 2021-08-11 | 10Y Note | High yield: 1.340% | 2.65 | $41.0B | 9.1% | 53.4% | 6.7% |