Auction result
3-Year Treasury Note auction result for March 11, 2025
The 3-Year Treasury Note held on March 11, 2025 recorded an official high rate of 3.908% and a bid-to-cover ratio of 2.70. Bid-to-cover decreased from 2.79 at the preceding comparable auction.
High yield
3.908%
Bid-to-cover
2.70
Direct bidders
25.5%
Primary dealers
11.2%
Comparable historical context
| Auction date | Series | Result | Bid-to-cover | Offering | Direct | Indirect | Dealers |
|---|---|---|---|---|---|---|---|
| 2025-03-11 | 3Y Note | High yield: 3.908% | 2.70 | $58.0B | 25.5% | 61.3% | 11.2% |
| 2025-02-11 | 3Y Note | High yield: 4.300% | 2.79 | $58.0B | 12.3% | 57.6% | 7.9% |
| 2025-01-06 | 3Y Note | High yield: 4.332% | 2.62 | $58.0B | 16.1% | 49.8% | 15.8% |
| 2024-12-10 | 3Y Note | High yield: 4.117% | 2.58 | $58.0B | 20.4% | 63.2% | 14.9% |
| 2024-11-04 | 3Y Note | High yield: 4.152% | 2.60 | $58.0B | 7.7% | 56.6% | 15.8% |
| 2024-10-08 | 3Y Note | High yield: 3.878% | 2.45 | $58.0B | 23.6% | 55.9% | 18.8% |
| 2024-09-10 | 3Y Note | High yield: 3.440% | 2.66 | $58.0B | 11.1% | 77.1% | 10.3% |
| 2024-08-06 | 3Y Note | High yield: 3.810% | 2.55 | $58.0B | 16.9% | 53.9% | 12.8% |
| 2024-07-09 | 3Y Note | High yield: 4.399% | 2.67 | $58.0B | 18.1% | 54.5% | 12.6% |
| 2024-06-10 | 3Y Note | High yield: 4.659% | 2.43 | $58.0B | 15.3% | 61.8% | 19.2% |
| 2024-05-07 | 3Y Note | High yield: 4.605% | 2.63 | $58.0B | 17.3% | 57.9% | 13.1% |
| 2024-04-09 | 3Y Note | High yield: 4.548% | 2.50 | $58.0B | 20.0% | 59.0% | 18.9% |
| 2024-03-11 | 3Y Note | High yield: 4.256% | 2.60 | $56.0B | 15.5% | 69.8% | 14.3% |
| 2024-02-06 | 3Y Note | High yield: 4.169% | 2.58 | $54.0B | 17.0% | 61.0% | 14.5% |
| 2024-01-09 | 3Y Note | High yield: 4.105% | 2.67 | $52.0B | 16.7% | 64.8% | 17.7% |
| 2023-12-11 | 3Y Note | High yield: 4.490% | 2.42 | $50.0B | 21.5% | 51.6% | 26.0% |
| 2023-11-07 | 3Y Note | High yield: 4.701% | 2.67 | $48.0B | 18.6% | 62.7% | 15.8% |
| 2023-10-10 | 3Y Note | High yield: 4.740% | 2.56 | $46.0B | 21.8% | 55.7% | 22.0% |
| 2023-09-11 | 3Y Note | High yield: 4.660% | 2.75 | $44.0B | 21.9% | 57.2% | 20.1% |
| 2023-08-08 | 3Y Note | High yield: 4.398% | 2.90 | $42.0B | 11.3% | 53.2% | 7.4% |
| 2023-07-11 | 3Y Note | High yield: 4.534% | 2.88 | $40.0B | 19.6% | 68.8% | 10.7% |
| 2023-06-12 | 3Y Note | High yield: 4.202% | 2.70 | $40.0B | 21.7% | 61.3% | 16.7% |
| 2023-05-09 | 3Y Note | High yield: 3.695% | 2.93 | $40.0B | 10.7% | 57.5% | 10.2% |
| 2023-04-11 | 3Y Note | High yield: 3.810% | 2.59 | $40.0B | 19.7% | 57.4% | 16.6% |