Auction result
10-Year Treasury Inflation-Protected Security auction result for July 21, 2022
The 10-Year Treasury Inflation-Protected Security held on July 21, 2022 recorded an official high rate of 0.630% and a bid-to-cover ratio of 2.18. Bid-to-cover decreased from 2.24 at the preceding comparable auction.
High yield
0.630%
Bid-to-cover
2.18
Direct bidders
17.0%
Primary dealers
15.8%
Comparable historical context
| Auction date | Series | Result | Bid-to-cover | Offering | Direct | Indirect | Dealers |
|---|---|---|---|---|---|---|---|
| 2022-07-21 | 10Y Note | High yield: 0.630% | 2.18 | $17.0B | 17.0% | 66.7% | 15.8% |
| 2022-05-19 | 9Y Note · reopening | High yield: 0.232% | 2.24 | $14.0B | 9.9% | 61.4% | 15.5% |
| 2022-03-24 | 9Y Note · reopening | High yield: -0.589% | 2.43 | $14.0B | 18.1% | 57.1% | 8.9% |
| 2022-01-20 | 10Y Note | High yield: -0.540% | 2.30 | $16.0B | 13.6% | 60.1% | 13.0% |
| 2021-11-18 | 9Y Note · reopening | High yield: -1.145% | 2.43 | $14.0B | 12.0% | 70.9% | 9.4% |
| 2021-09-23 | 9Y Note · reopening | High yield: -0.939% | 2.55 | $14.0B | 14.1% | 63.8% | 11.3% |
10-Year TIPS history page is not yet available · Official result document