Financial News: Three-Year Note Auction Attracts Below Average Demand

Three-Year Note Auction Attracts Below Average Demand

05/11/2026 - 13:07:00 (RTTNews)

(RTTNews) - The Treasury Department kicked off this week's series of announcements of the results of its long-term securities auctions on Monday, revealing this month's auction of $58 billion worth of three-year notes attracted below average demand.

The three-year note auction drew a high yield of 3.965 percent and a bid-to-cover ratio of 2.54.

Last month, the Treasury also sold $58 billion worth of three-year notes, drawing a high yield of 3.897 percent and a bid-to-cover ratio of 2.68.

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 three-year note auctions had an average bid-to-cover ratio of 2.64.

The Treasury is due to announce the results of this month's auctions of $42 billion worth of ten-year notes and $25 billion worth of thirty-year bonds on Tuesday and Wednesday, respectively.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Three-Year Note Auction Attracts Below Average Demand (55 min(s), 41 sec(s) ago)
(RTTNews) - The Treasury Department kicked off this week's series of announcements of the resu ...Full Story»

U.S. Existing Home Sales Rebound Much Less Than Expected In April (02 hr(s), 40 min(s), 41 sec(s) ago)
(RTTNews) - After reporting a sharp pullback by U.S. existing home sales in the previous month, th ...Full Story»

Cyprus Trade Gap Widens In March (04 hr(s), 21 min(s), 41 sec(s) ago)
(RTTNews) - The foreign trade deficit of Cyprus increased in March from a year ago as imports grew ...Full Story»

Czech Retail Sales Growth Rebounds In March (04 hr(s), 35 min(s), 41 sec(s) ago)
(RTTNews) - The Czech Republic's retail sales expanded at an accelerated pace in March, data f ...Full Story»

Latvia Trade Gap Widens In March (05 hr(s), 08 min(s), 41 sec(s) ago)
(RTTNews) - Latvia's foreign trade deficit increased in March from a year ago, as imports grew ...Full Story»

Denmark Inflation Rises To 1.4% In April (05 hr(s), 41 min(s), 41 sec(s) ago)
(RTTNews) - Denmark's consumer price inflation increased in April to the highest level in four ...Full Story»

Turkey Retail Sales Growth Quickens In March (06 hr(s), 17 min(s), 41 sec(s) ago)
(RTTNews) - Turkey's retail sales growth accelerated in March to the highest level in more tha ...Full Story»

Romanian Trade Deficit Widens In March (08 hr(s), 15 min(s), 41 sec(s) ago)
(RTTNews) - Romania's foreign trade deficit increased in March from a year ago as exports grew ...Full Story»