Auction result
10-Year Treasury Inflation-Protected Security auction result for January 19, 2023
The 10-Year Treasury Inflation-Protected Security held on January 19, 2023 recorded an official high rate of 1.220% and a bid-to-cover ratio of 2.79. Bid-to-cover increased from 2.25 at the preceding comparable auction.
High yield
1.220%
Bid-to-cover
2.79
Direct bidders
13.1%
Primary dealers
7.6%
Comparable historical context
| Auction date | Series | Result | Bid-to-cover | Offering | Direct | Indirect | Dealers |
|---|---|---|---|---|---|---|---|
| 2023-01-19 | 10Y Note | High yield: 1.220% | 2.79 | $17.0B | 13.1% | 78.8% | 7.6% |
| 2022-11-17 | 9Y Note · reopening | High yield: 1.485% | 2.25 | $15.0B | 14.5% | 67.0% | 8.5% |
| 2022-09-22 | 9Y Note · reopening | High yield: 1.248% | 2.54 | $15.0B | 21.3% | 70.6% | 7.9% |
| 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