Treasury Auctions · Notes

10-Year Treasury Note Auctions

Every 10-year auction since February 2000: the yield Treasury paid, how many bids came in, and who ended up holding the debt.

Next auction: Wednesday, Oct 7, 2026 · reopening · bidding closes 1:00 pm ET, results post minutes later

Latest 10-year Auction

Wednesday, Sep 9, 2026

10-Year Notereopening

Strongdemand vs previous six 10-year auctions

4.834%

stop-out yield · +15.1 bp vs prior auction · highest since August 2007

Size

$39B

9-Year 11-Month

Bid-to-cover

2.71×

+0.21 vs avg 2.50×

Indirect bidders

79.2%

+5.8 pts vs avg

Dealers took

4.3%

−5.9 pts vs avg

The Sep 9, 2026 10-year note auction (a reopening) sold $39B at a yield of 4.834%, the highest since August 2007. Bidders put in 2.71× the amount on offer, and primary dealers were left with 4.3% of the competitive award. Measured against the previous six 10-year auctions, demand grades strong.

Source: Treasury's official results announcement (PDF)

Highest on Record

6.540%

Feb 9, 2000

Lowest on Record

0.653%

Jul 8, 2020

Last 12 Months

13 auctions

4 above their recent run, 1 below

Auctions Tracked

274

218 graded since 2008

Stop-out yield at every auction

2Y10YAll

Bid-to-cover, last 24 auctions

Each dot is one auction, colored by its demand grade. The white tick is the average of the previous six auctions; the stem shows how far above or below it the auction landed.

Demand vs the series' previous six auctions:StrongSolidAverageSoftWeak

Who bought it

Share of each competitive award. When the blue band at the top grows, the dealers were left holding debt the rest of the market passed on.

■ indirect (incl. foreign central banks) · ■ direct · ■ primary dealers

Every 10-year auction

The 24 most recent 10-Year Treasury Note auctions
Date	Size	Yield	Chg	Cover	Indirect	Direct	Dealers	Demand	Official results
Sep 9, 2026	$39B r	4.834%	+15.1 bp	2.71×+0.21	79.2%+5.8 pts	16.5%	4.3%−5.9 pts	Strong	PDF
Aug 12, 2026	$42B	4.683%	+10.3 bp	2.53×+0.06	76.7%+5.4 pts	14.7%	8.6%−2.4 pts	Average	PDF
Jul 8, 2026	$39B r	4.580%	+4.2 bp	2.59×+0.12	81.5%+12.1 pts	10.7%	7.8%−2.9 pts	Solid	PDF
Jun 10, 2026	$39B r	4.538%	+7 bp	2.57×+0.11	78.2%+10.2 pts	12.3%	9.5%−1.1 pts	Solid	PDF
May 12, 2026	$42B	4.468%	+18.6 bp	2.40×−0.07	64.0%−4.6 pts	24.1%	12.0%+1.6 pts	Average	PDF
Apr 8, 2026	$39B r	4.282%	+6.5 bp	2.43×−0.04	65.3%−3.5 pts	23.9%	10.8%+0.7 pts	Average	PDF
Mar 11, 2026	$39B r	4.217%	+4 bp	2.45×−0.06	74.5%+4.2 pts	12.8%	12.7%+4.1 pts	Average	PDF
Feb 11, 2026	$42B	4.177%	+0.4 bp	2.39×−0.11	64.5%−5.6 pts	22.1%	13.4%+4.3 pts	Average	PDF
Jan 12, 2026	$39B r	4.173%	−0.2 bp	2.55×+0.04	69.6%+0.2 pts	24.5%	5.8%−4.1 pts	Average	PDF
Dec 9, 2025	$39B r	4.175%	+10.1 bp	2.55×+0.04	70.2%+0.7 pts	21.0%	8.8%−1.2 pts	Average	PDF
Nov 12, 2025	$42B	4.074%	−4.3 bp	2.43×−0.10	67.0%−3.2 pts	22.6%	10.5%+0.7 pts	Average	PDF
Oct 8, 2025	$39B r	4.117%	+8.4 bp	2.48×−0.09	66.8%−6.9 pts	24.1%	9.1%−0.9 pts	Soft	PDF
Sep 10, 2025	$39B r	4.033%	−22.2 bp	2.65×+0.09	83.1%+12.0 pts	12.7%	4.2%−7.2 pts	Strong	PDF
Aug 6, 2025	$42B	4.255%	−10.7 bp	2.35×−0.23	64.2%−8.1 pts	19.6%	16.2%+4.9 pts	Weak	PDF
Jul 9, 2025	$39B r	4.362%	−5.9 bp	2.61×+0.04	65.4%−6.2 pts	23.7%	10.9%−1.2 pts	Soft	PDF
Jun 11, 2025	$39B r	4.421%	+7.9 bp	2.52×−0.08	70.6%−1.0 pts	20.5%	9.0%−3.3 pts	Average	PDF
May 6, 2025	$42B	4.342%	−9.3 bp	2.60×+0.01	71.2%+1.2 pts	19.9%	8.9%−4.3 pts	Average	PDF
Apr 9, 2025	$39B r	4.435%	+12.5 bp	2.67×+0.11	87.9%+19.6 pts	1.4%	10.7%−3.1 pts	Solid	PDF
Mar 12, 2025	$39B r	4.310%	−32.2 bp	2.59×+0.02	67.4%−2.3 pts	19.5%	13.1%−0.2 pts	Average	PDF
Feb 12, 2025	$42B	4.632%	−4.8 bp	2.48×−0.06	71.5%+2.7 pts	13.6%	14.8%+1.0 pts	Average	PDF
Jan 7, 2025	$39B r	4.680%	+44.5 bp	2.53×−0.02	61.4%−8.5 pts	23.0%	15.6%+2.5 pts	Soft	PDF
Dec 11, 2024	$39B r	4.235%	−11.2 bp	2.70×+0.15	70.0%−0.6 pts	19.5%	10.5%−2.8 pts	Solid	PDF
Nov 5, 2024	$42B	4.347%	+28.1 bp	2.58×+0.05	61.7%−9.6 pts	23.6%	14.7%+1.2 pts	Soft	PDF
Oct 9, 2024	$39B r	4.066%	+41.8 bp	2.48×−0.03	77.6%+9.0 pts	8.4%	13.9%−1.2 pts	Solid	PDF

Show 250 earlier auctions, back to February 2000+

Earlier 10-Year Treasury Note auctions
Date	Size	Yield	Cover	Indirect	Dealers	Demand
Sep 11, 2024 r	$39B	3.648%	2.64×	76.0%	10.2%	Strong
Aug 7, 2024	$42B	3.960%	2.32×	66.2%	17.9%	Soft
Jul 10, 2024 r	$39B	4.276%	2.58×	67.6%	11.5%	Average
Jun 11, 2024 r	$39B	4.438%	2.67×	74.6%	11.6%	Strong
May 8, 2024	$42B	4.483%	2.49×	65.5%	15.7%	Average
Apr 10, 2024 r	$39B	4.560%	2.34×	61.8%	24.0%	Weak
Mar 12, 2024 r	$39B	4.166%	2.51×	64.3%	17.1%	Average
Feb 7, 2024	$42B	4.093%	2.56×	71.0%	13.0%	Average
Jan 10, 2024 r	$37B	4.024%	2.56×	66.1%	15.1%	Average
Dec 11, 2023 r	$37B	4.296%	2.53×	63.8%	17.3%	Average
Nov 8, 2023	$40B	4.519%	2.45×	69.7%	15.1%	Average
Oct 11, 2023 r	$35B	4.610%	2.50×	60.3%	18.7%	Soft
Sep 12, 2023 r	$35B	4.289%	2.52×	66.3%	13.8%	Average
Aug 9, 2023	$38B	3.999%	2.56×	72.2%	9.5%	Average
Jul 12, 2023 r	$32B	3.857%	2.53×	67.7%	12.4%	Average
Jun 12, 2023 r	$32B	3.791%	2.36×	62.3%	17.8%	Average
May 10, 2023	$35B	3.448%	2.45×	67.5%	13.0%	Average
Apr 12, 2023 r	$32B	3.455%	2.36×	63.0%	17.1%	Average
Mar 8, 2023 r	$32B	3.985%	2.35×	62.3%	17.7%	Average
Feb 8, 2023	$35B	3.613%	2.66×	79.5%	5.4%	Strong
Jan 11, 2023 r	$32B	3.575%	2.53×	67.0%	15.1%	Solid
Dec 12, 2022 r	$32B	3.625%	2.31×	59.4%	21.9%	Average
Nov 9, 2022	$35B	4.140%	2.23×	57.5%	24.4%	Weak
Oct 12, 2022 r	$32B	3.930%	2.34×	56.8%	19.7%	Soft
Sep 12, 2022 r	$32B	3.330%	2.37×	62.3%	19.8%	Average
Aug 10, 2022	$35B	2.755%	2.53×	74.5%	9.9%	Solid
Jul 12, 2022 r	$33B	2.960%	2.34×	61.3%	20.7%	Weak
Jun 8, 2022 r	$33B	3.030%	2.41×	63.6%	17.0%	Average
May 11, 2022	$36B	2.943%	2.49×	70.3%	11.5%	Average
Apr 12, 2022 r	$34B	2.720%	2.43×	64.3%	18.7%	Weak
Mar 9, 2022 r	$34B	1.920%	2.47×	68.2%	13.7%	Average
Feb 9, 2022	$37B	1.904%	2.68×	77.6%	7.4%	Strong
Jan 12, 2022 r	$36B	1.723%	2.51×	65.5%	16.6%	Average
Dec 8, 2021 r	$36B	1.518%	2.43×	68.8%	13.4%	Average
Nov 9, 2021	$39B	1.444%	2.35×	71.0%	15.2%	Soft
Oct 12, 2021 r	$38B	1.584%	2.58×	71.1%	11.2%	Solid
Sep 8, 2021 r	$38B	1.338%	2.59×	71.1%	12.3%	Strong
Aug 11, 2021	$41B	1.340%	2.65×	77.2%	9.6%	Strong
Jul 12, 2021 r	$38B	1.371%	2.39×	63.5%	19.0%	Average
Jun 9, 2021 r	$38B	1.497%	2.58×	65.0%	15.7%	Strong
May 12, 2021	$41B	1.684%	2.45×	63.4%	19.5%	Average
Apr 12, 2021 r	$38B	1.680%	2.36×	59.6%	24.2%	Average
Mar 10, 2021 r	$38B	1.523%	2.38×	56.8%	25.4%	Average
Feb 10, 2021	$41B	1.155%	2.37×	60.6%	20.5%	Average
Jan 12, 2021 r	$38B	1.164%	2.47×	62.2%	20.0%	Average
Dec 9, 2020 r	$38B	0.951%	2.33×	62.3%	23.0%	Average
Nov 10, 2020	$41B	0.960%	2.32×	54.8%	32.0%	Weak
Oct 7, 2020 r	$35B	0.765%	2.47×	62.9%	22.9%	Average
Sep 9, 2020 r	$35B	0.704%	2.30×	58.3%	27.1%	Soft
Aug 12, 2020	$38B	0.677%	2.41×	65.4%	19.8%	Solid
Jul 8, 2020 r	$29B	0.653%	2.62×	63.4%	19.7%	Strong
Jun 9, 2020 r	$29B	0.832%	2.26×	56.7%	31.5%	Weak
May 12, 2020	$32B	0.700%	2.69×	66.1%	20.5%	Strong
Apr 7, 2020 r	$25B	0.782%	2.43×	59.2%	27.6%	Average
Mar 11, 2020 r	$24B	0.849%	2.36×	61.0%	29.8%	Average
Feb 12, 2020	$27B	1.622%	2.58×	61.3%	23.9%	Solid
Jan 8, 2020 r	$24B	1.869%	2.45×	55.2%	28.7%	Average
Dec 10, 2019 r	$24B	1.842%	2.43×	56.1%	24.5%	Solid
Nov 6, 2019	$27B	1.809%	2.49×	64.5%	23.1%	Strong
Oct 9, 2019 r	$24B	1.590%	2.43×	58.5%	28.7%	Strong
Sep 11, 2019 r	$24B	1.739%	2.46×	62.6%	24.7%	Strong
Aug 7, 2019	$27B	1.670%	2.20×	55.7%	30.7%	Average
Jul 10, 2019 r	$24B	2.064%	2.41×	60.8%	26.4%	Solid
Jun 21, 2019 r	$0B	2.065%	3.43×	0.0%	100.0%	Soft
Jun 12, 2019 r	$24B	2.130%	2.49×	65.6%	20.8%	Average
May 8, 2019	$27B	2.479%	2.17×	53.3%	35.2%	Weak
Apr 10, 2019 r	$24B	2.466%	2.55×	68.4%	19.6%	Solid
Mar 12, 2019 r	$24B	2.615%	2.59×	69.4%	21.5%	Average
Feb 6, 2019	$27B	2.689%	2.35×	59.5%	28.4%	Average
Jan 9, 2019 r	$24B	2.728%	2.51×	56.9%	22.3%	Soft
Dec 12, 2018 r	$24B	2.915%	2.35×	63.1%	26.1%	Soft
Nov 6, 2018	$27B	3.209%	2.54×	73.8%	25.0%	Solid
Oct 10, 2018 r	$23B	3.225%	2.39×	64.5%	30.1%	Soft
Sep 12, 2018 r	$23B	2.957%	2.58×	63.9%	22.6%	Solid
Aug 8, 2018	$26B	2.960%	2.55×	61.3%	27.5%	Average
Jul 11, 2018 r	$22B	2.859%	2.57×	65.0%	24.5%	Average
Jun 11, 2018 r	$22B	2.962%	2.59×	56.0%	27.7%	Soft
May 9, 2018	$25B	2.995%	2.56×	63.0%	28.7%	Average
Apr 11, 2018 r	$21B	2.795%	2.46×	53.2%	38.4%	Weak
Mar 12, 2018 r	$21B	2.889%	2.50×	66.2%	27.3%	Average
Feb 7, 2018	$24B	2.811%	2.34×	67.5%	27.1%	Average
Jan 10, 2018 r	$20B	2.579%	2.69×	71.4%	22.0%	Strong
Dec 11, 2017 r	$20B	2.384%	2.37×	57.2%	34.4%	Soft
Nov 8, 2017	$23B	2.314%	2.48×	68.0%	23.0%	Solid
Oct 11, 2017 r	$20B	2.346%	2.54×	69.1%	24.9%	Strong
Sep 12, 2017 r	$20B	2.180%	2.28×	55.3%	38.7%	Weak
Aug 9, 2017	$23B	2.250%	2.23×	57.9%	35.3%	Weak
Jul 12, 2017 r	$20B	2.325%	2.45×	64.8%	29.5%	Average
Jun 12, 2017 r	$20B	2.195%	2.54×	66.1%	28.6%	Average
May 10, 2017	$23B	2.400%	2.33×	60.7%	34.2%	Soft
Apr 11, 2017 r	$20B	2.332%	2.48×	65.2%	29.5%	Average
Mar 8, 2017 r	$20B	2.560%	2.66×	65.8%	18.6%	Strong
Feb 8, 2017	$23B	2.333%	2.29×	65.1%	30.6%	Average
Jan 11, 2017 r	$20B	2.342%	2.58×	70.5%	20.7%	Strong
Dec 12, 2016 r	$20B	2.485%	2.39×	57.5%	36.5%	Soft
Nov 9, 2016	$23B	2.020%	2.22×	52.5%	39.2%	Weak
Oct 12, 2016 r	$20B	1.793%	2.53×	62.7%	30.6%	Soft
Sep 12, 2016 r	$20B	1.699%	2.35×	62.1%	34.5%	Weak
Aug 10, 2016	$23B	1.503%	2.43×	72.2%	20.2%	Solid
Jul 12, 2016 r	$20B	1.516%	2.33×	54.3%	37.7%	Weak
Jun 8, 2016 r	$20B	1.702%	2.70×	73.6%	19.2%	Solid
May 11, 2016	$23B	1.710%	2.68×	73.5%	14.7%	Strong
Apr 13, 2016 r	$20B	1.765%	2.75×	60.0%	24.8%	Average
Mar 9, 2016 r	$20B	1.895%	2.49×	56.5%	32.4%	Weak
Feb 10, 2016	$23B	1.730%	2.56×	62.3%	22.4%	Average
Jan 13, 2016 r	$21B	2.090%	2.77×	71.0%	17.7%	Strong
Dec 9, 2015 r	$21B	2.233%	2.64×	62.0%	26.0%	Average
Nov 10, 2015	$24B	2.304%	2.58×	60.5%	25.2%	Average
Oct 7, 2015 r	$21B	2.066%	2.59×	62.2%	27.5%	Average
Sep 9, 2015 r	$21B	2.235%	2.70×	57.5%	28.7%	Average
Aug 12, 2015	$24B	2.115%	2.40×	60.1%	34.0%	Weak
Jul 8, 2015 r	$21B	2.225%	2.72×	58.1%	29.8%	Average
Jun 10, 2015 r	$21B	2.461%	2.74×	57.9%	30.0%	Average
May 13, 2015	$24B	2.237%	2.72×	60.2%	18.9%	Solid
Apr 8, 2015 r	$21B	1.925%	2.62×	58.5%	32.2%	Strong
Mar 11, 2015 r	$21B	2.139%	2.65×	58.6%	31.2%	Strong
Feb 11, 2015	$24B	2.000%	2.62×	59.5%	27.8%	Strong
Jan 13, 2015 r	$21B	1.930%	2.61×	50.0%	40.8%	Average
Dec 10, 2014 r	$21B	2.214%	2.97×	53.8%	39.3%	Strong
Nov 12, 2014	$24B	2.365%	2.52×	44.7%	42.0%	Soft
Oct 8, 2014 r	$21B	2.381%	2.52×	44.4%	49.0%	Weak
Sep 10, 2014 r	$21B	2.535%	2.71×	53.0%	33.5%	Solid
Aug 13, 2014	$24B	2.439%	2.83×	47.0%	37.9%	Average
Jul 9, 2014 r	$21B	2.597%	2.57×	39.6%	46.5%	Weak
Jun 11, 2014 r	$21B	2.648%	2.88×	36.1%	44.5%	Soft
May 7, 2014	$24B	2.612%	2.63×	49.3%	29.1%	Solid
Apr 9, 2014 r	$21B	2.720%	2.76×	44.7%	40.1%	Average
Mar 12, 2014 r	$21B	2.729%	2.92×	43.4%	29.1%	Strong
Feb 12, 2014	$24B	2.795%	2.54×	49.7%	34.1%	Average
Jan 8, 2014 r	$21B	3.009%	2.68×	46.6%	39.8%	Average
Dec 11, 2013 r	$21B	2.824%	2.61×	48.9%	40.5%	Average
Nov 13, 2013	$24B	2.750%	2.70×	47.7%	33.8%	Strong
Oct 9, 2013 r	$21B	2.657%	2.58×	38.6%	40.2%	Average
Sep 11, 2013 r	$21B	2.946%	2.86×	36.6%	33.8%	Solid
Aug 7, 2013	$24B	2.620%	2.45×	46.3%	38.5%	Average
Jul 10, 2013 r	$21B	2.670%	2.57×	38.6%	45.2%	Soft
Jun 12, 2013 r	$21B	2.209%	2.53×	51.7%	36.6%	Average
May 8, 2013	$24B	1.810%	2.70×	33.9%	49.2%	Soft
Apr 10, 2013 r	$21B	1.795%	2.79×	37.3%	33.6%	Solid
Mar 13, 2013 r	$21B	2.029%	3.19×	47.7%	22.3%	Strong
Feb 13, 2013	$24B	2.046%	2.68×	28.0%	47.7%	Soft
Jan 9, 2013 r	$21B	1.863%	2.83×	28.5%	56.7%	Weak
Dec 12, 2012 r	$21B	1.652%	2.95×	24.2%	33.1%	Average
Nov 7, 2012	$24B	1.675%	2.59×	39.7%	46.2%	Weak
Oct 10, 2012 r	$21B	1.700%	3.26×	41.4%	35.7%	Strong
Sep 12, 2012 r	$21B	1.764%	2.85×	36.2%	52.2%	Weak
Aug 8, 2012	$24B	1.680%	2.49×	40.6%	54.2%	Weak
Jul 11, 2012 r	$21B	1.459%	3.61×	40.6%	14.0%	Strong
Jun 13, 2012 r	$21B	1.622%	3.06×	42.0%	37.2%	Solid
May 9, 2012	$24B	1.855%	2.90×	38.7%	45.5%	Soft
Apr 11, 2012 r	$21B	2.043%	3.08×	38.5%	50.5%	Soft
Mar 13, 2012 r	$21B	2.076%	3.24×	38.6%	42.0%	Solid
Feb 8, 2012	$24B	2.020%	3.05×	38.9%	43.3%	Average
Jan 11, 2012 r	$21B	1.900%	3.29×	38.3%	44.3%	Solid
Dec 13, 2011 r	$21B	2.020%	3.53×	61.9%	29.7%	Strong
Nov 9, 2011	$24B	2.030%	2.64×	41.6%	50.2%	Weak
Oct 12, 2011 r	$21B	2.271%	2.86×	35.0%	58.5%	Weak
Sep 13, 2011 r	$21B	2.000%	3.03×	48.5%	40.4%	Average
Aug 10, 2011	$24B	2.140%	3.22×	35.4%	33.0%	Average
Jul 13, 2011 r	$21B	2.918%	3.17×	42.0%	44.1%	Soft
Jun 8, 2011 r	$21B	2.967%	3.23×	50.6%	41.0%	Average
May 11, 2011	$24B	3.210%	3.00×	47.2%	44.4%	Soft
Apr 13, 2011 r	$21B	3.494%	3.13×	42.4%	51.7%	Weak
Mar 9, 2011 r	$21B	3.499%	3.32×	53.0%	40.5%	Solid
Feb 9, 2011	$24B	3.665%	3.23×	71.3%	28.2%	Strong
Jan 12, 2011 r	$21B	3.388%	3.30×	53.6%	38.5%	Strong
Dec 8, 2010 r	$21B	3.340%	2.92×	44.4%	44.2%	Average
Nov 9, 2010	$24B	2.636%	2.80×	56.6%	34.0%	Solid
Oct 13, 2010 r	$21B	2.475%	2.99×	41.5%	47.8%	Weak
Sep 8, 2010 r	$21B	2.670%	3.21×	54.7%	38.3%	Solid
Aug 11, 2010	$24B	2.730%	3.04×	45.8%	43.6%	Solid
Jul 13, 2010 r	$21B	3.119%	3.09×	41.7%	48.6%	Average
Jun 9, 2010 r	$21B	3.242%	3.24×	40.2%	46.4%	Solid
May 12, 2010	$24B	3.548%	2.96×	41.9%	33.2%	Solid
Apr 7, 2010 r	$21B	3.900%	3.72×	43.1%	40.6%	Strong
Mar 10, 2010 r	$21B	3.735%	3.45×	35.1%	47.3%	Average
Feb 10, 2010	$25B	3.692%	2.67×	33.2%	53.8%	Soft
Jan 13, 2010 r	$21B	3.754%	3.00×	29.0%	53.7%	Soft
Dec 9, 2009 r	$21B	3.448%	2.62×	34.9%	56.1%	Weak
Nov 10, 2009	$25B	3.470%	2.81×	47.3%	48.2%	Average
Oct 7, 2009 r	$20B	3.210%	3.01×	47.4%	47.5%	Strong
Sep 9, 2009 r	$20B	3.510%	2.77×	55.3%	41.9%	Strong
Aug 12, 2009	$23B	3.734%	2.49×	45.7%	52.2%	Strong
Jul 8, 2009 r	$19B	3.365%	3.28×	43.9%	43.0%	Strong
Jun 10, 2009 r	$19B	3.990%	2.62×	34.2%	56.5%	Strong
May 6, 2009	$22B	3.190%	2.47×	31.9%	63.8%	Strong
Apr 9, 2009 r	$18B	2.950%	2.49×	23.7%	72.0%	Solid
Mar 11, 2009 r	$18B	3.043%	2.14×	23.9%	73.0%	Soft
Feb 11, 2009	$21B	2.818%	2.21×	37.8%	60.4%	Solid
Jan 8, 2009 r	$16B	2.419%	2.59×	17.7%	82.2%	Soft
Dec 11, 2008 r	$16B	2.670%	2.44×	12.7%	87.1%	Weak
Nov 12, 2008	$20B	3.783%	2.20×	36.0%	59.3%	Solid
Oct 9, 2008 r	$10B	3.790%	2.31×	38.2%	61.1%	Strong
Sep 11, 2008 r	$12B	3.628%	2.51×	26.4%	73.1%	Average
Aug 6, 2008	$17B	4.075%	2.61×	34.0%	65.4%	—
Jun 12, 2008 r	$11B	4.225%	2.33×	13.9%	85.7%	—
May 7, 2008	$15B	3.937%	2.21×	28.4%	70.8%	—
Mar 13, 2008 r	$10B	3.510%	1.79×	—	—	—
Feb 6, 2008	$13B	3.620%	2.34×	—	—	—
Dec 13, 2007 r	$8B	4.164%	2.23×	—	—	—
Nov 7, 2007	$13B	4.353%	2.34×	—	—	—
Sep 13, 2007 r	$8B	4.493%	2.95×	—	—	—
Aug 8, 2007	$13B	4.855%	2.30×	—	—	—
Jun 12, 2007 r	$8B	5.230%	2.55×	—	—	—
May 8, 2007	$13B	4.612%	2.30×	—	—	—
Mar 13, 2007 r	$8B	4.523%	2.64×	—	—	—
Feb 7, 2007	$13B	4.740%	2.41×	—	—	—
Dec 13, 2006 r	$8B	4.580%	2.48×	—	—	—
Nov 9, 2006	$13B	4.627%	2.21×	—	—	—
Sep 12, 2006 r	$8B	4.810%	2.91×	—	—	—
Aug 9, 2006	$13B	4.930%	2.23×	—	—	—
Jun 8, 2006 r	$8B	4.975%	2.73×	—	—	—
May 11, 2006	$13B	5.140%	2.53×	—	—	—
Mar 9, 2006 r	$8B	4.760%	2.87×	—	—	—
Feb 8, 2006	$13B	4.540%	2.32×	—	—	—
Dec 8, 2005 r	$8B	4.490%	2.19×	—	—	—
Nov 10, 2005	$13B	4.578%	2.24×	—	—	—
Sep 8, 2005 r	$8B	4.134%	2.68×	—	—	—
Aug 11, 2005	$13B	4.350%	2.59×	—	—	—
Jun 9, 2005 r	$8B	3.990%	2.50×	—	—	—
May 12, 2005	$14B	4.220%	2.33×	—	—	—
Mar 10, 2005 r	$9B	4.504%	2.35×	—	—	—
Feb 10, 2005	$14B	4.049%	2.05×	—	—	—
Dec 9, 2004 r	$9B	4.150%	2.68×	—	—	—
Nov 10, 2004	$14B	4.280%	2.05×	—	—	—
Sep 9, 2004 r	$9B	4.195%	2.12×	—	—	—
Aug 12, 2004	$14B	4.270%	2.90×	—	—	—
Jun 10, 2004 r	$10B	4.828%	2.93×	—	—	—
May 13, 2004	$15B	4.848%	2.78×	—	—	—
Mar 11, 2004 r	$11B	3.752%	1.81×	—	—	—
Feb 12, 2004	$16B	4.060%	2.00×	—	—	—
Dec 11, 2003 r	$12B	4.365%	1.78×	—	—	—
Nov 13, 2003	$17B	4.360%	1.90×	—	—	—
Sep 11, 2003 r	$13B	4.340%	2.23×	—	—	—
Aug 7, 2003	$18B	4.370%	2.00×	—	—	—
May 8, 2003	$18B	3.700%	1.22×	—	—	—
Feb 12, 2003	$18B	3.960%	1.85×	—	—	—
Nov 6, 2002	$18B	4.095%	1.90×	—	—	—
Aug 7, 2002	$18B	4.390%	1.29×	—	—	—
May 8, 2002 r	$11B	5.170%	2.15×	—	—	—
Feb 6, 2002	$13B	4.880%	1.80×	—	—	—
Nov 7, 2001 r	$7B	4.220%	2.01×	—	—	—
Oct 4, 2001 r	$6B	4.519%	2.36×	—	—	—
Aug 8, 2001	$11B	5.078%	2.85×	—	—	—
May 9, 2001 r	$9B	5.189%	2.56×	—	—	—
Feb 7, 2001	$11B	5.067%	2.10×	—	—	—
Nov 8, 2000 r	$8B	5.865%	2.63×	—	—	—
Aug 9, 2000	$10B	5.840%	1.95×	—	—	—
May 10, 2000 r	$8B	6.475%	2.62×	—	—	—
Feb 9, 2000	$10B	6.540%	1.45×	—	—	—

Yield = stop-out (high) yield; a real yield for TIPS. Chg = versus the previous auction of the same security. Cover = bid-to-cover ratio. Indirect, direct and dealer shares are of the competitive award. Small figures under a measure compare it with the previous six auctions of the same security, colored when the move is big enough to count toward the grade: orange for stronger demand, bluefor weaker. r = reopening of an existing issue. PDF = Treasury's official results.

Frequently Asked Questions

What yield did the last 10-year auction clear at?

When is the next 10-year auction?

The next 10-Year Treasury Note auction (a reopening) is on Wednesday, Oct 7, 2026. Competitive bidding closes at 1:00 pm Eastern and this page updates shortly after the results post.

What is the highest yield at a 10-year auction since 2000?

6.540%, on Feb 9, 2000. The lowest was 0.653% on Jul 8, 2020. The record on this page starts with the February 2000 auction.

How often does Treasury auction the 10-year?

Treasury held 13 of these auctions in the last twelve months: 4 new issues (February, May, August and November) and 9 reopenings of an existing one. A reopening sells more of an existing security, with the same maturity date and coupon, instead of creating a new one.

Data: US Department of the Treasury (Fiscal Data and TreasuryDirect). Demand grades are TFTC's calculation; the method is on the Treasury auctions tracker. Full history as open JSON (CC BY 4.0). Not investment advice.