Historical bid-to-cover data for 10-Year Treasury auctions, updated after each auction. The most recent value is 2.39x as of February 11, 2026. Bid-to-cover measures the ratio of total bids to the amount offered. Higher ratios indicate stronger demand from investors.
This metric tracks bid-to-cover for 10-Year Treasury auctions. Auction results reflect real-time price discovery for U.S. government debt and provide insight into investor demand across the maturity spectrum. Monitoring auction metrics alongside secondary market yields helps identify supply-demand imbalances that may affect pricing.
| Date | Bid-to-Cover | Grade | Composite |
|---|---|---|---|
| 05/08/2024 | 2.49x | C- | C+ |
| 08/07/2024 | 2.32x | D | C |
| 11/05/2024 | 2.58x | C+ | B- |
| 02/12/2025 | 2.48x | C- | C |
| 05/06/2025 | 2.60x | C+ | B- |
| 07/24/2025 | 2.41x | D+ | B- |
| 08/06/2025 | 2.35x | D | C+ |
| 11/12/2025 | 2.43x | C- | B- |
| 01/22/2026 | 2.38x | D+ | C+ |
| 02/11/2026 | 2.39x | D+ | C+ |
| Mean | Std Dev | Min | Max | Count |
|---|---|---|---|---|
| 2.54 | 0.23 | 2.17 | 3.23 | 74 |