31 CFR § 356.23 - How are the auction results announced?

---
identifier: "/us/cfr/t31/s356.23"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "31 CFR § 356.23 - How are the auction results announced?"
title_number: 31
title_name: "Money and Finance: Treasury"
section_number: "356.23"
section_name: "How are the auction results announced?"
chapter_name: "FISCAL SERVICE, DEPARTMENT OF THE TREASURY"
subchapter_number: "A"
subchapter_name: "BUREAU OF THE FISCAL SERVICE"
part_number: "356"
part_name: "SALE AND ISSUE OF MARKETABLE BOOK-ENTRY TREASURY BILLS, NOTES, AND BONDS (DEPARTMENT OF THE TREASURY CIRCULAR, FISCAL SERVICE SERIES NO. 1-93)"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "5 U.S.C. 301; 31 U.S.C. 3102,  12 U.S.C. 391."
regulatory_source: "69 FR 45202, July 28, 2004, unless otherwise noted."
cfr_part: "356"
---


# 356.23 How are the auction results announced?

(a) After the conclusion of the auction, we will make the auction results available on our website at *http://www.treasurydirect.gov.*

(b) The auction results will include such information as:

(1) The amounts of bids we accepted and the amount of securities we awarded;

(2) The range of accepted yields, discount rates, or discount margins.

(3) The proration percentage;

(4) The interest rate for a note or bond;

(5) A breakdown of the amounts of noncompetitive and competitive bids we accepted from, and awarded to, the public;

(6) The amounts of bids tendered and accepted from the Federal Reserve Banks for their own accounts;

(7) The bid-to-cover ratio; and

(8) Other information that we may decide to include.

[69 FR 45202, July 28, 2004, as amended at 74 FR 26086, June 1, 2009; 78 FR 46430, July 31, 2013; 87 FR 40440, July 7, 2022]