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Treasury Auction
10-Year Note
September 9, 2026
A
Key Metrics
Offered
$39B
Bid-to-Cover
2.71
100th percentile
High Yield
4.834%
Tail
+3.4bp
43th pct (higher=worse)
Indirect
79.2%
100th percentile
Dealer
4.3%
Recent 10-Year Auctions
| Date | B/C | Tail | Indirect | Grade |
|---|---|---|---|---|
| August 12, 2026 | 2.53 | -1.7bp | 76.7% | A |
| May 12, 2026 | 2.40 | +4.8bp | 64.0% | D+ |
| February 11, 2026 | 2.39 | +1.7bp | 64.5% | C- |
| November 12, 2025 | 2.43 | —bp | 67.0% | C |
| August 6, 2025 | 2.35 | +3.5bp | 64.2% | F |