--- title: "Ten-Year Note Auction Attracts Below Average Demand" type: "News" locale: "en" url: "https://longbridge.com/en/news/278759303.md" description: "The Treasury Department announced that its recent auction of $39 billion in ten-year notes attracted below average demand, with a bid-to-cover ratio of 2.45, compared to the previous month's 2.39. The high yield for the ten-year notes was 4.177 percent. This follows a similar trend in the auction of $58 billion in three-year notes, which also saw below average demand. The results for the thirty-year bonds auction are expected to be announced soon." datetime: "2026-03-11T17:20:52.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/278759303.md) - [en](https://longbridge.com/en/news/278759303.md) - [zh-HK](https://longbridge.com/zh-HK/news/278759303.md) --- # Ten-Year Note Auction Attracts Below Average Demand Add as your preferred news source on Google Add Now Continuing this week's series of announcements of the results of its long-term securities auctions, the Treasury Department on Wednesday revealed this month's auction of $39 billion worth of ten-year notes attracted below average demand. The five-year note auction drew a high yield of 4.217 percent and a bid-to-cover ratio of 2.45. Last month, the Treasury sold $42 billion worth of ten-year notes, drawing a high yield of 4.177 percent and a bid-to-cover ratio of 2.39. The bid-to-cover ratio is a measure of demand that indicates the amount of bids for each dollar worth of securities being sold. The ten previous ten-year note auctions had an average bid-to-cover ratio of 2.51. On Tuesday, the Treasury revealed this month's auction of $58 billion worth of three-year notes also attracted below average demand. The Treasury is due to announce the results of this month's auction of $22 billion worth of thirty-year bonds on Thursday. For comments and feedback contact: editorial@rttnews.com Economic News **What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.** ### Related Stocks - [BND.US](https://longbridge.com/en/quote/BND.US.md) - [TBT.US](https://longbridge.com/en/quote/TBT.US.md) - [SPIB.US](https://longbridge.com/en/quote/SPIB.US.md) - [VCLT.US](https://longbridge.com/en/quote/VCLT.US.md) - [SHV.US](https://longbridge.com/en/quote/SHV.US.md) - [BIL.US](https://longbridge.com/en/quote/BIL.US.md) - [GOVT.US](https://longbridge.com/en/quote/GOVT.US.md) - [AGG.US](https://longbridge.com/en/quote/AGG.US.md) - [VCIT.US](https://longbridge.com/en/quote/VCIT.US.md) - [SHY.US](https://longbridge.com/en/quote/SHY.US.md) - [TLT.US](https://longbridge.com/en/quote/TLT.US.md) - [LQD.US](https://longbridge.com/en/quote/LQD.US.md) - [511090.CN](https://longbridge.com/en/quote/511090.CN.md) - [IEF.US](https://longbridge.com/en/quote/IEF.US.md) - [SCHI.US](https://longbridge.com/en/quote/SCHI.US.md) - [511010.CN](https://longbridge.com/en/quote/511010.CN.md) - [511520.CN](https://longbridge.com/en/quote/511520.CN.md) - [PST.US](https://longbridge.com/en/quote/PST.US.md) ## Related News & Research - [U.S. 1-year bills high rate 3.560%](https://longbridge.com/en/news/282718331.md) - [TABLE-US Feb net capital inflow $184.5 bln](https://longbridge.com/en/news/282896398.md) - [Pimco buys entire $400 million Blue Owl private credit bond deal, Bloomberg News reports](https://longbridge.com/en/news/282766615.md) - [POLL-US Treasury yield forecasts creep up, but strategists cling to benign inflation view](https://longbridge.com/en/news/282196655.md) - [Foreign demand weakens at US Treasury auctions in March in midst of Middle East war](https://longbridge.com/en/news/282223570.md)