Auction result
3-Year Treasury Note auction result for July 7, 2026
The 3-Year Treasury Note held on July 7, 2026 recorded an official high rate of 4.179% and a bid-to-cover ratio of 2.60. Bid-to-cover decreased from 2.64 at the preceding comparable auction.
High yield
4.179%
Bid-to-cover
2.60
Direct bidders
22.3%
Primary dealers
7.0%
Comparable historical context
| Auction date | Series | Result | Bid-to-cover | Offering | Direct | Indirect | Dealers |
|---|---|---|---|---|---|---|---|
| 2026-07-07 | 3Y Note | High yield: 4.179% | 2.60 | $58.0B | 22.3% | 60.9% | 7.0% |
| 2026-06-09 | 3Y Note | High yield: 4.192% | 2.64 | $58.0B | 20.9% | 63.4% | 15.2% |