Auction result
10-Year Treasury Note auction result for November 8, 2023
The 10-Year Treasury Note held on November 8, 2023 recorded an official high rate of 4.519% and a bid-to-cover ratio of 2.45. Bid-to-cover decreased from 2.50 at the preceding comparable auction.
High yield
4.519%
Bid-to-cover
2.45
Direct bidders
14.8%
Primary dealers
14.7%
Comparable historical context
| Auction date | Series | Result | Bid-to-cover | Offering | Direct | Indirect | Dealers |
|---|---|---|---|---|---|---|---|
| 2023-11-08 | 10Y Note | High yield: 4.519% | 2.45 | $40.0B | 14.8% | 68.0% | 14.7% |
| 2023-10-11 | 9Y Note · reopening | High yield: 4.610% | 2.50 | $35.0B | 20.9% | 60.2% | 18.7% |
| 2023-09-12 | 9Y Note · reopening | High yield: 4.289% | 2.52 | $35.0B | 19.9% | 66.2% | 13.7% |
| 2023-08-09 | 10Y Note | High yield: 3.999% | 2.56 | $38.0B | 13.3% | 52.4% | 6.9% |
| 2023-07-12 | 9Y Note · reopening | High yield: 3.857% | 2.53 | $32.0B | 19.8% | 67.7% | 12.4% |
| 2023-06-12 | 9Y Note · reopening | High yield: 3.791% | 2.36 | $32.0B | 19.9% | 62.2% | 17.8% |
| 2023-05-10 | 10Y Note | High yield: 3.448% | 2.45 | $35.0B | 15.3% | 53.0% | 10.2% |
| 2023-04-12 | 9Y Note · reopening | High yield: 3.455% | 2.36 | $32.0B | 18.7% | 59.1% | 16.1% |
| 2023-03-08 | 9Y Note · reopening | High yield: 3.985% | 2.35 | $32.0B | 20.0% | 62.2% | 17.7% |
| 2023-02-08 | 10Y Note | High yield: 3.613% | 2.66 | $35.0B | 10.9% | 56.9% | 3.8% |
| 2023-01-11 | 9Y Note · reopening | High yield: 3.575% | 2.53 | $32.0B | 17.9% | 67.0% | 15.0% |
| 2022-12-12 | 9Y Note · reopening | High yield: 3.625% | 2.31 | $32.0B | 18.7% | 59.4% | 21.8% |
| 2022-11-09 | 10Y Note | High yield: 4.140% | 2.23 | $35.0B | 13.3% | 42.4% | 18.0% |
| 2022-10-12 | 9Y Note · reopening | High yield: 3.930% | 2.34 | $32.0B | 23.5% | 56.8% | 19.7% |
| 2022-09-12 | 9Y Note · reopening | High yield: 3.330% | 2.37 | $32.0B | 17.9% | 62.3% | 19.8% |
| 2022-08-10 | 10Y Note | High yield: 2.755% | 2.53 | $35.0B | 9.5% | 45.6% | 6.1% |
| 2022-07-12 | 9Y Note · reopening | High yield: 2.960% | 2.34 | $33.0B | 15.9% | 54.4% | 18.4% |
| 2022-06-08 | 9Y Note · reopening | High yield: 3.030% | 2.41 | $33.0B | 18.3% | 60.0% | 16.1% |
| 2022-05-11 | 10Y Note | High yield: 2.943% | 2.49 | $36.0B | 10.7% | 41.3% | 6.8% |
| 2022-04-12 | 9Y Note · reopening | High yield: 2.720% | 2.43 | $34.0B | 13.7% | 51.9% | 15.1% |
| 2022-03-09 | 9Y Note · reopening | High yield: 1.920% | 2.47 | $34.0B | 15.4% | 58.4% | 11.8% |
| 2022-02-09 | 10Y Note | High yield: 1.904% | 2.68 | $37.0B | 9.3% | 48.3% | 4.6% |
| 2022-01-12 | 9Y Note · reopening | High yield: 1.723% | 2.51 | $36.0B | 15.4% | 56.5% | 14.3% |
| 2021-12-08 | 9Y Note · reopening | High yield: 1.518% | 2.43 | $36.0B | 15.5% | 60.0% | 11.6% |