Auction result
3-Year Treasury Note auction result for April 11, 2022
The 3-Year Treasury Note held on April 11, 2022 recorded an official high rate of 2.738% and a bid-to-cover ratio of 2.48. Bid-to-cover increased from 2.39 at the preceding comparable auction.
High yield
2.738%
Bid-to-cover
2.48
Direct bidders
14.0%
Primary dealers
23.2%
Comparable historical context
| Auction date | Series | Result | Bid-to-cover | Offering | Direct | Indirect | Dealers |
|---|---|---|---|---|---|---|---|
| 2022-04-11 | 3Y Note | High yield: 2.738% | 2.48 | $46.0B | 14.0% | 42.7% | 23.2% |
| 2022-03-08 | 3Y Note | High yield: 1.775% | 2.39 | $48.0B | 15.9% | 47.0% | 22.4% |
| 2022-02-08 | 3Y Note | High yield: 1.592% | 2.45 | $50.0B | 6.9% | 42.5% | 12.6% |
| 2022-01-11 | 3Y Note | High yield: 1.237% | 2.47 | $52.0B | 13.3% | 53.0% | 19.6% |
| 2021-12-07 | 3Y Note | High yield: 1.000% | 2.43 | $54.0B | 15.6% | 45.3% | 25.9% |
| 2021-11-08 | 3Y Note | High yield: 0.750% | 2.33 | $56.0B | 11.4% | 36.4% | 15.4% |
| 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% |