Quick Answer

As of July 20, 2026, 3-Month Bill Auction Bid-to-Cover is 3. Source: Convex data providers via Convex.

Cite this: https://convextrade.com/metrics/auction-3m-btr#answer · Data: CSV (stable URL)

Treasury Auctionsweekly

3-Month Bill Auction Bid-to-Cover

Name: 3-Month Bill Auction Bid-to-Cover
Creator: Convex
License: https://creativecommons.org/licenses/by/4.0/

Bid-to-cover ratio at the latest 3-Month Bill auction (total tendered / total accepted); readings above 2.5 signal robust demand, sub-2.2 signals softness.

ByConvex Research Desk·Edited byBen Bleierⓘ·Verified Jul 26, 2026

The 3-Month Bill Auction Bid-to-Cover is currently 3, last updated July 20, 2026.

1W +5.63%1M +29.31%3M -2.91%

Updated 1d ago

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Statistical forecast 2026

Model-based central estimate, 68% and 95% confidence bands for 3-Month Bill Auction Bid-to-Cover, blended across current macro regimes.

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Latest observations and changes.

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Forecasts, comparisons, and related signals.

Updated 1d ago

Recent Data

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Date	Value	Change
Jul 20, 2026	3	+5.63%
Jul 13, 2026	2.84	+10.08%
Jul 6, 2026	2.58	+11.21%
Jun 29, 2026	2.32	-13.43%
Jun 22, 2026	2.68	+8.50%
Jun 15, 2026	2.47	-11.47%
Jun 8, 2026	2.79	+3.72%
Jun 1, 2026	2.69	-12.66%
May 26, 2026	3.08	-2.84%
May 18, 2026	3.17	+10.84%
May 11, 2026	2.86	+3.62%
May 4, 2026	2.76	-10.68%
Apr 27, 2026	3.09	+5.10%
Apr 20, 2026	2.94	+6.14%
Apr 13, 2026	2.77	+7.36%
Apr 6, 2026	2.58	-3.01%
Mar 30, 2026	2.66	-6.34%
Mar 23, 2026	2.84	-3.40%
Mar 16, 2026	2.94	+0.68%
Mar 9, 2026	2.92	-7.59%
Mar 2, 2026	3.16	-4.24%
Feb 23, 2026	3.3	+21.77%
Feb 17, 2026	2.71	-1.81%
Feb 9, 2026	2.76	—

Related in Treasury Auctions

2-Year Note Auction Bid-to-Cover

Bid-to-cover ratio at the latest 2-Year Note auction (total tendered / total accepted); readings above 2.5 signal robust demand, sub-2.2 signals softness.

2-Year Note Indirect Bidder Share

Indirect bidder share of accepted 2-Year Note auction bids; indirects include foreign central banks and large real-money investors routed through primary dealers.

2-Year Note Direct Bidder Share

Direct bidder share at the latest 2-Year Note auction; directs are domestic non-primary-dealer investors bidding for their own account.

2-Year Note Primary Dealer Share

Primary dealer share at the latest 2-Year Note auction; dealers backstop the issue, so a rising PD share typically signals weaker indirect/direct appetite.

Explore Further

Forecast 2026

3-Month Bill Auction Bid-to-Cover Outlook

Scenario-weighted forecast using regime implied approach.

Frequently Asked Questions

▶What is 3-Month Bill Auction Bid-to-Cover?

Bid-to-cover ratio at the latest 3-Month Bill auction (total tendered / total accepted); readings above 2.5 signal robust demand, sub-2.2 signals softness.

▶How often is 3-Month Bill Auction Bid-to-Cover updated?

3-Month Bill Auction Bid-to-Cover is updated weekly, typically on the same day each week. Each metric page on Convex shows the exact time of the last data update and provides historical data going back up to five years.

▶Where does Convex source 3-Month Bill Auction Bid-to-Cover data?

Convex sources 3-Month Bill Auction Bid-to-Cover data from official government and market data providers. Data is fetched automatically and displayed alongside interactive charts, AI analysis, and historical context.

▶What can I do on the 3-Month Bill Auction Bid-to-Cover chart page?

The 3-Month Bill Auction Bid-to-Cover page includes an interactive chart with selectable time ranges (1 month to 5 years), percentage changes over multiple timeframes, a table of recent readings, AI-generated analysis, and links to related metrics and comparisons.

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Data sourced from FRED, CoinGecko, CBOE, CFTC, and EIA. Updated weekly. This page is for informational purposes only and does not constitute financial advice.

Quick Answer

As of July 20, 2026, 3-Month Bill Auction Bid-to-Cover is 3. Source: Convex data providers via Convex.

Cite this: https://convextrade.com/metrics/auction-3m-btr#answer · Data: CSV (stable URL)

Treasury Auctionsweekly

3-Month Bill Auction Bid-to-Cover

Bid-to-cover ratio at the latest 3-Month Bill auction (total tendered / total accepted); readings above 2.5 signal robust demand, sub-2.2 signals softness.

ByConvex Research Desk·Edited byBen Bleierⓘ·Verified Jul 26, 2026

The 3-Month Bill Auction Bid-to-Cover is currently 3, last updated July 20, 2026.

1W +5.63%1M +29.31%3M -2.91%

Updated 1d ago

All formats →

Track 3-Month Bill Auction Bid-to-Cover in a free watchlist and get it in your daily digest.

Free macro alerts →

Statistical forecast 2026

Model-based central estimate, 68% and 95% confidence bands for 3-Month Bill Auction Bid-to-Cover, blended across current macro regimes.

View forecast →

Start here

Check the chart

Range controls, thresholds, and trend.

Scan recent data

Latest observations and changes.

Continue analysis

Forecasts, comparisons, and related signals.

Updated 1d ago

Recent Data

Download CSV

Date	Value	Change
Jul 20, 2026	3	+5.63%
Jul 13, 2026	2.84	+10.08%
Jul 6, 2026	2.58	+11.21%
Jun 29, 2026	2.32	-13.43%
Jun 22, 2026	2.68	+8.50%
Jun 15, 2026	2.47	-11.47%
Jun 8, 2026	2.79	+3.72%
Jun 1, 2026	2.69	-12.66%
May 26, 2026	3.08	-2.84%
May 18, 2026	3.17	+10.84%
May 11, 2026	2.86	+3.62%
May 4, 2026	2.76	-10.68%
Apr 27, 2026	3.09	+5.10%
Apr 20, 2026	2.94	+6.14%
Apr 13, 2026	2.77	+7.36%
Apr 6, 2026	2.58	-3.01%
Mar 30, 2026	2.66	-6.34%
Mar 23, 2026	2.84	-3.40%
Mar 16, 2026	2.94	+0.68%
Mar 9, 2026	2.92	-7.59%
Mar 2, 2026	3.16	-4.24%
Feb 23, 2026	3.3	+21.77%
Feb 17, 2026	2.71	-1.81%
Feb 9, 2026	2.76	—

Related in Treasury Auctions

2-Year Note Auction Bid-to-Cover

Bid-to-cover ratio at the latest 2-Year Note auction (total tendered / total accepted); readings above 2.5 signal robust demand, sub-2.2 signals softness.

2-Year Note Indirect Bidder Share

Indirect bidder share of accepted 2-Year Note auction bids; indirects include foreign central banks and large real-money investors routed through primary dealers.

2-Year Note Direct Bidder Share

Direct bidder share at the latest 2-Year Note auction; directs are domestic non-primary-dealer investors bidding for their own account.

2-Year Note Primary Dealer Share

Primary dealer share at the latest 2-Year Note auction; dealers backstop the issue, so a rising PD share typically signals weaker indirect/direct appetite.

Explore Further

Forecast 2026

3-Month Bill Auction Bid-to-Cover Outlook

Scenario-weighted forecast using regime implied approach.

Frequently Asked Questions

▶What is 3-Month Bill Auction Bid-to-Cover?

Bid-to-cover ratio at the latest 3-Month Bill auction (total tendered / total accepted); readings above 2.5 signal robust demand, sub-2.2 signals softness.

▶How often is 3-Month Bill Auction Bid-to-Cover updated?

▶Where does Convex source 3-Month Bill Auction Bid-to-Cover data?

▶What can I do on the 3-Month Bill Auction Bid-to-Cover chart page?

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Get daily macro analysis covering 3-Month Bill Auction Bid-to-Cover and related indicators delivered to your inbox.

Data sourced from FRED, CoinGecko, CBOE, CFTC, and EIA. Updated weekly. This page is for informational purposes only and does not constitute financial advice.