---
kind: "section"
citation: "31 C.F.R. § 356.23"
title: "31"
number: "356.23"
heading: "How are the auction results announced?"
url: "https://uscodex.org/cfr/31/356.23"
---

# §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.

## Notes

### Amendments

[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]

### Authority

Authority: 5 U.S.C. 301; 31 U.S.C. 3102, et seq.; 12 U.S.C. 391.

### Source

Source: 69 FR 45202, July 28, 2004, unless otherwise noted.

### Amendments

[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]