The 3-Year Note Auction is a monthly event where the U.S. Department of the Treasury sells medium-term debt to finance government operations. The yield determined at this auction reflects investor sentiment regarding the economic outlook and interest rate trajectory over a three-year horizon. It is closely watched as a benchmark for consumer credit and shorter-term business loans. High demand, indicated by a low yield relative to the pre-auction rate, suggests investor confidence in government stability or a preference for safe-haven assets.
The Treasury uses a single-price auction format where all successful bidders receive the same yield, which is the highest accepted bid yield. Bids are categorized into competitive and non-competitive types.
| Date | Actual | Forecast | Surprise |
|---|---|---|---|
| Aug 11, 2026 | 4.29 | — | — |
| Jul 7, 2026 | 4.18 | — | — |
| Jun 9, 2026 | 4.19 | — | — |
| May 11, 2026 | 3.96 | — | — |
| Apr 7, 2026 | 3.90 | — | — |
| Mar 10, 2026 | 3.58 | — | — |
| Feb 10, 2026 | 3.52 | — | — |
| Jan 12, 2026 | 3.61 | — | — |
| Dec 8, 2025 | 3.61 | — | — |
| Nov 10, 2025 | 3.58 | — | — |
| Oct 7, 2025 | 3.58 | — | — |
| Sep 9, 2025 | 3.48 | — | — |
| Aug 5, 2025 | 3.67 | — | — |
| Jul 8, 2025 | 3.89 | — | — |
| Jun 10, 2025 | 3.97 | — | — |
| May 5, 2025 | 3.82 | — | — |
| Apr 8, 2025 | 3.78 | — | — |
| Mar 11, 2025 | 3.91 | — | — |
| Feb 11, 2025 | 4.30 | — | — |
| Jan 6, 2025 | 4.33 | — | — |
| Dec 10, 2024 | 4.12 | — | — |
| Nov 4, 2024 | 4.15 | — | — |
| Oct 8, 2024 | 3.88 | — | — |
| Sep 10, 2024 | 3.44 | — | — |
| Aug 6, 2024 | 3.81 | — | — |
| Jul 9, 2024 | 4.40 | — | — |
| Jun 10, 2024 | 4.66 | — | — |
| May 7, 2024 | 4.61 | — | — |
| Apr 9, 2024 | 4.55 | — | — |
| Mar 11, 2024 | 4.26 | — | — |
| Feb 6, 2024 | 4.17 | — | — |
| Jan 9, 2024 | 4.11 | — | — |
| Dec 11, 2023 | 4.49 | — | — |
| Nov 7, 2023 | 4.70 | — | — |
| Oct 10, 2023 | 4.74 | — | — |
| Sep 11, 2023 | 4.66 | — | — |
| Aug 8, 2023 | 4.40 | — | — |
| Jul 11, 2023 | 4.53 | — | — |
| Jun 12, 2023 | 4.20 | — | — |
| May 9, 2023 | 3.69 | — | — |
| Apr 11, 2023 | 3.81 | — | — |
| Mar 7, 2023 | 4.63 | — | — |
| Feb 7, 2023 | 4.07 | — | — |
| Jan 10, 2023 | 3.98 | — | — |
| Dec 12, 2022 | 4.09 | — | — |
| Nov 8, 2022 | 4.61 | — | — |
| Oct 11, 2022 | 4.32 | — | — |
| Sep 12, 2022 | 3.56 | — | — |
| Aug 9, 2022 | 3.20 | — | — |
| Jul 11, 2022 | 3.09 | — | — |
