26-week bill auctions: page 2 of 13

The 26-week bill auctioned on 5 October 2026 sold at a discount rate of 4.165% (investment rate 4.314%), bid-to-cover 2.79.

Every 26-week bill auction, page 2 of 13

Auctions with results since 28 December 1979: 2,441.

26-week bill auctions, newest first
Auction	Offered as	Discount rate, %	Investment rate, %	Bid-to-cover	Offered, $ billion	Sold, $ billion	Indirect, %	Direct, %	Dealers, %
5 Dec 2022	26-Week	4.570	4.743	2.57	45.000	48.829	44.9	3.9	51.2
28 Nov 2022	26-Week	4.550	4.722	2.90	45.000	50.728	51.7	9.5	38.7
21 Nov 2022	26-Week	4.520	4.689	3.03	45.000	50.233	66.8	2.6	30.6
14 Nov 2022	26-Week, reopening	4.440	4.605	2.86	45.000	51.126	64.0	2.9	33.1
7 Nov 2022	26-Week	4.490	4.658	2.89	45.000	50.417	59.3	2.6	38.2
31 Oct 2022	26-Week	4.440	4.605	2.95	45.000	51.955	50.8	5.7	43.6
24 Oct 2022	26-Week	4.390	4.552	2.56	45.000	50.020	33.1	18.6	48.3
17 Oct 2022	26-Week, reopening	4.245	4.398	2.66	45.000	50.121	50.2	3.4	46.5
11 Oct 2022	26-Week	4.030	4.171	2.86	45.000	49.706	52.2	2.2	45.6
3 Oct 2022	26-Week	3.850	3.981	2.62	42.000	47.272	46.5	3.2	50.3
26 Sep 2022	26-Week	3.850	3.981	2.68	42.000	47.359	50.2	2.5	47.3
19 Sep 2022	26-Week, reopening	3.780	3.907	2.75	42.000	43.369	36.6	5.7	57.7
12 Sep 2022	26-Week	3.465	3.576	3.03	42.000	45.526	42.5	15.1	42.4
6 Sep 2022	26-Week	3.320	3.424	3.14	42.000	45.412	44.9	3.8	51.3
29 Aug 2022	26-Week	3.235	3.334	2.88	42.000	47.116	49.6	4.9	45.5
22 Aug 2022	26-Week, reopening	3.110	3.204	2.93	42.000	46.779	58.3	3.5	38.2
15 Aug 2022	26-Week	3.020	3.109	2.75	42.000	47.825	51.6	3.3	45.1
8 Aug 2022	26-Week	3.040	3.130	3.09	42.000	47.034	45.9	4.6	49.5
1 Aug 2022	26-Week	2.850	2.932	2.91	42.000	48.571	45.7	10.7	43.6
25 Jul 2022	26-Week, reopening	2.920	3.005	3.16	42.000	47.787	56.0	1.5	42.6
18 Jul 2022	26-Week	2.910	2.994	2.65	42.000	47.989	41.0	11.8	47.2
11 Jul 2022	26-Week	2.685	2.760	2.67	42.000	47.619	42.0	4.6	53.4
5 Jul 2022	26-Week	2.500	2.567	2.57	42.000	48.843	42.0	3.7	54.2
27 Jun 2022	26-Week, reopening	2.500	2.567	2.79	42.000	49.585	54.2	2.2	43.7
21 Jun 2022	26-Week	2.390	2.453	2.44	42.000	43.929	30.2	3.8	66.1
13 Jun 2022	26-Week	2.160	2.214	3.26	42.000	46.871	68.1	3.7	28.3
6 Jun 2022	26-Week	1.710	1.749	2.87	42.000	46.834	55.5	2.0	42.5
31 May 2022	26-Week, reopening	1.580	1.615	2.81	42.000	49.266	50.3	2.8	46.9
23 May 2022	26-Week	1.530	1.563	3.07	42.000	47.368	63.1	1.8	35.1
16 May 2022	26-Week	1.490	1.522	3.09	42.000	48.397	49.5	3.1	47.4
9 May 2022	26-Week	1.385	1.414	2.72	42.000	47.806	35.8	3.4	60.7
2 May 2022	26-Week, reopening	1.420	1.450	2.99	42.000	49.466	64.4	0.1	35.5
25 Apr 2022	26-Week	1.370	1.399	2.99	45.000	51.194	50.9	1.8	47.3
18 Apr 2022	26-Week	1.250	1.275	3.29	48.000	54.210	67.1	1.0	31.9
11 Apr 2022	26-Week	1.220	1.245	3.32	48.000	53.959	65.5	4.9	29.6
4 Apr 2022	26-Week, reopening	1.110	1.132	3.29	48.000	54.593	60.5	5.2	34.4
28 Mar 2022	26-Week	1.050	1.070	3.00	48.000	55.170	53.1	10.7	36.2
21 Mar 2022	26-Week	0.870	0.886	3.17	48.000	49.840	53.4	4.8	41.8
14 Mar 2022	26-Week	0.820	0.835	3.08	51.000	55.848	64.0	4.1	31.9
7 Mar 2022	26-Week, reopening	0.710	0.722	3.21	51.000	55.589	66.9	3.5	29.6
28 Feb 2022	26-Week	0.670	0.682	3.12	51.000	57.818	54.4	10.6	35.0
22 Feb 2022	26-Week	0.710	0.722	2.75	51.000	56.173	39.1	17.3	43.6
14 Feb 2022	26-Week	0.770	0.784	2.99	51.000	57.461	56.1	13.1	30.9
7 Feb 2022	26-Week, reopening	0.580	0.590	3.13	51.000	56.514	44.5	11.0	44.4
31 Jan 2022	26-Week	0.500	0.508	2.74	51.000	58.018	34.0	11.3	54.7
24 Jan 2022	26-Week	0.380	0.386	3.07	51.000	57.209	46.9	10.0	43.1
18 Jan 2022	26-Week	0.365	0.371	2.70	51.000	57.314	43.6	6.0	50.4
10 Jan 2022	26-Week, reopening	0.275	0.279	2.90	51.000	56.751	40.3	5.7	54.0
3 Jan 2022	26-Week	0.220	0.223	3.21	51.000	57.346	44.8	16.0	39.2
27 Dec 2021	26-Week	0.210	0.213	2.91	51.000	58.198	53.8	3.1	43.0
20 Dec 2021	26-Week	0.160	0.162	2.85	51.000	52.811	50.6	4.8	44.7
13 Dec 2021	26-Week, reopening	0.130	0.132	3.19	51.000	55.999	63.8	1.7	34.5
6 Dec 2021	26-Week	0.105	0.107	2.86	51.000	55.616	51.3	3.7	44.9
29 Nov 2021	26-Week	0.090	0.091	2.99	51.000	58.030	52.1	5.4	42.5
22 Nov 2021	26-Week	0.070	0.071	2.93	51.000	56.034	47.6	4.1	48.3
15 Nov 2021	26-Week, reopening	0.065	0.066	3.41	51.000	57.569	53.9	7.5	38.5
8 Nov 2021	26-Week	0.065	0.066	3.31	48.000	53.541	54.7	7.2	38.1
1 Nov 2021	26-Week	0.065	0.066	2.90	48.000	55.210	42.0	11.0	47.1
25 Oct 2021	26-Week	0.060	0.061	3.34	48.000	53.913	55.1	3.5	41.4
18 Oct 2021	26-Week, reopening	0.060	0.061	3.12	45.000	51.548	44.6	5.9	49.5
12 Oct 2021	26-Week	0.055	0.056	3.99	42.000	48.266	67.0	4.7	28.3
4 Oct 2021	26-Week	0.055	0.056	3.30	42.000	48.958	44.4	6.5	49.1
27 Sep 2021	26-Week	0.050	0.051	3.24	42.000	49.217	47.7	6.1	46.1
20 Sep 2021	26-Week, reopening	0.045	0.046	3.62	45.000	46.991	53.4	6.8	39.7
13 Sep 2021	26-Week	0.050	0.051	3.78	45.000	49.965	59.9	3.7	36.4
7 Sep 2021	26-Week	0.050	0.051	3.79	48.000	52.829	63.5	4.8	31.7
30 Aug 2021	26-Week	0.055	0.056	3.16	48.000	54.987	49.7	3.9	46.3
23 Aug 2021	26-Week, reopening	0.050	0.051	3.02	48.000	53.311	51.3	6.8	41.9
16 Aug 2021	26-Week	0.050	0.051	2.87	48.000	54.722	49.9	4.6	45.5
9 Aug 2021	26-Week	0.050	0.051	3.59	51.000	56.773	59.9	4.1	36.0
2 Aug 2021	26-Week	0.055	0.056	3.25	51.000	58.168	59.8	4.5	35.7
26 Jul 2021	26-Week, reopening	0.050	0.051	3.18	51.000	57.365	45.4	5.2	49.5
19 Jul 2021	26-Week	0.050	0.051	3.50	51.000	57.763	44.2	7.7	48.1
12 Jul 2021	26-Week	0.050	0.051	3.74	51.000	57.249	64.2	3.0	32.8
6 Jul 2021	26-Week	0.050	0.051	3.59	54.000	60.855	60.5	6.3	33.2
28 Jun 2021	26-Week, reopening	0.055	0.056	3.60	54.000	61.518	65.4	1.6	33.0
21 Jun 2021	26-Week	0.055	0.056	3.64	54.000	55.951	66.7	5.2	28.1
14 Jun 2021	26-Week	0.040	0.041	3.32	54.000	59.292	55.7	6.4	37.9
7 Jun 2021	26-Week	0.040	0.041	3.31	54.000	58.648	54.4	3.8	41.9
1 Jun 2021	26-Week, reopening	0.035	0.035	3.10	54.000	61.164	42.8	14.1	43.0
24 May 2021	26-Week	0.030	0.030	2.78	54.000	59.016	36.4	7.4	56.3
17 May 2021	26-Week	0.030	0.030	3.28	54.000	60.766	52.7	5.7	41.6
10 May 2021	26-Week	0.035	0.035	3.28	54.000	59.659	64.2	3.4	32.4
3 May 2021	26-Week, reopening	0.035	0.035	2.72	54.000	61.464	31.4	5.8	62.8
26 Apr 2021	26-Week	0.035	0.035	3.32	54.000	59.824	60.0	2.7	37.3
19 Apr 2021	26-Week	0.040	0.041	3.23	54.000	60.369	55.7	2.9	41.4
12 Apr 2021	26-Week	0.040	0.041	3.39	54.000	59.916	56.2	4.1	39.7
5 Apr 2021	26-Week, reopening	0.035	0.035	3.38	54.000	61.144	64.9	3.8	31.3
29 Mar 2021	26-Week	0.040	0.041	2.93	54.000	60.496	55.2	3.8	41.0
22 Mar 2021	26-Week	0.040	0.041	2.96	54.000	55.922	51.7	3.3	45.0
15 Mar 2021	26-Week	0.055	0.056	2.94	54.000	58.673	52.8	5.0	42.2
8 Mar 2021	26-Week, reopening	0.060	0.061	3.55	51.000	55.876	72.7	1.2	26.2
1 Mar 2021	26-Week	0.060	0.061	2.91	51.000	57.844	42.4	6.4	51.1
22 Feb 2021	26-Week	0.045	0.046	2.81	51.000	56.659	34.2	6.6	59.1
16 Feb 2021	26-Week	0.060	0.061	3.02	51.000	57.724	48.9	3.5	47.6
8 Feb 2021	26-Week, reopening	0.050	0.051	2.99	51.000	56.760	31.8	13.1	55.1
1 Feb 2021	26-Week	0.070	0.071	3.41	51.000	57.874	55.6	3.2	41.3
25 Jan 2021	26-Week	0.085	0.086	3.48	51.000	57.954	50.0	5.6	44.4
19 Jan 2021	26-Week	0.095	0.096	3.09	51.000	58.197	49.7	2.9	47.4
11 Jan 2021	26-Week, reopening	0.090	0.091	3.29	51.000	57.209	54.5	10.8	34.7
4 Jan 2021	26-Week	0.090	0.091	3.24	51.000	57.551	56.3	4.3	39.4
28 Dec 2020	26-Week	0.100	0.101	3.10	51.000	59.598	60.2	4.0	35.8
21 Dec 2020	26-Week	0.090	0.091	3.15	51.000	52.983	61.2	2.8	36.1
14 Dec 2020	26-Week, reopening	0.085	0.086	3.16	51.000	56.224	46.2	5.3	48.5
7 Dec 2020	26-Week	0.090	0.091	3.32	51.000	55.387	61.3	8.3	30.4
30 Nov 2020	26-Week	0.090	0.091	3.20	51.000	58.480	56.3	2.3	41.4
23 Nov 2020	26-Week	0.090	0.091	3.57	51.000	55.321	50.5	10.4	39.1
16 Nov 2020	26-Week, reopening	0.100	0.101	3.18	51.000	57.887	44.9	3.5	51.5
9 Nov 2020	26-Week	0.110	0.112	2.98	51.000	56.536	52.6	4.0	43.4
2 Nov 2020	26-Week	0.110	0.112	2.98	51.000	59.066	47.9	4.9	47.2
26 Oct 2020	26-Week	0.110	0.112	3.49	51.000	55.608	58.4	5.8	35.8
19 Oct 2020	26-Week, reopening	0.115	0.117	3.04	51.000	57.527	54.9	6.5	38.6
13 Oct 2020	26-Week	0.115	0.117	3.02	51.000	56.585	59.3	2.2	38.5
5 Oct 2020	26-Week	0.110	0.112	2.91	51.000	58.747	49.9	2.9	47.1
28 Sep 2020	26-Week	0.105	0.107	3.11	51.000	55.248	60.7	3.1	36.2
21 Sep 2020	26-Week, reopening	0.105	0.107	3.23	51.000	52.903	53.3	3.0	43.7
14 Sep 2020	26-Week	0.120	0.122	3.26	51.000	55.074	48.0	7.2	44.8
8 Sep 2020	26-Week	0.125	0.127	2.86	51.000	56.394	45.4	3.0	51.7
31 Aug 2020	26-Week	0.115	0.117	3.23	51.000	57.169	58.7	2.3	39.0
24 Aug 2020	26-Week, reopening	0.120	0.122	2.92	51.000	55.213	50.6	3.3	46.1
17 Aug 2020	26-Week	0.120	0.122	2.87	51.000	57.547	45.8	3.3	50.9
10 Aug 2020	26-Week	0.120	0.122	2.98	51.000	56.995	55.9	3.2	40.9
3 Aug 2020	26-Week	0.105	0.107	2.91	51.000	56.611	44.1	3.5	52.4
27 Jul 2020	26-Week, reopening	0.130	0.132	2.92	51.000	56.908	52.0	3.9	44.0
20 Jul 2020	26-Week	0.130	0.132	2.97	51.000	58.906	53.3	3.3	43.4
13 Jul 2020	26-Week	0.145	0.147	3.17	51.000	57.870	55.6	5.0	39.4
6 Jul 2020	26-Week	0.165	0.167	2.81	51.000	56.282	42.2	2.8	55.0
29 Jun 2020	26-Week, reopening	0.165	0.167	2.99	51.000	57.572	54.3	2.4	43.3
22 Jun 2020	26-Week	0.175	0.178	2.94	54.000	56.068	45.2	3.8	51.0
15 Jun 2020	26-Week	0.185	0.188	2.93	54.000	60.439	42.6	4.3	53.2
8 Jun 2020	26-Week	0.185	0.188	3.01	54.000	57.321	51.6	4.1	44.3
1 Jun 2020	26-Week, reopening	0.170	0.173	2.72	54.000	58.705	29.1	5.4	65.5
26 May 2020	26-Week	0.160	0.162	3.00	54.000	58.433	44.7	6.9	48.3
18 May 2020	26-Week	0.150	0.152	3.13	54.000	61.249	43.2	10.9	45.9
11 May 2020	26-Week	0.155	0.157	2.97	54.000	59.050	52.4	5.7	41.9
4 May 2020	26-Week, reopening	0.130	0.132	2.99	51.000	55.747	47.7	6.3	45.9
27 Apr 2020	26-Week	0.150	0.152	3.25	48.000	51.232	49.7	2.1	48.2
20 Apr 2020	26-Week	0.145	0.147	3.17	48.000	53.065	53.7	2.3	44.1
13 Apr 2020	26-Week	0.290	0.294	3.08	48.000	52.223	45.2	1.1	53.7
6 Apr 2020	26-Week, reopening	0.160	0.162	3.08	45.000	49.078	56.6	1.4	42.1
30 Mar 2020	26-Week	0.100	0.101	2.72	42.000	43.788	47.4	2.2	50.4
23 Mar 2020	26-Week	0.080	0.081	2.50	39.000	40.734	21.0	12.8	66.2
16 Mar 2020	26-Week	0.300	0.305	2.78	36.000	37.233	49.2	2.9	47.9
9 Mar 2020	26-Week, reopening	0.400	0.406	2.60	36.000	37.545	21.6	5.9	72.5
2 Mar 2020	26-Week	1.010	1.029	3.11	39.000	41.327	53.5	3.2	43.3
24 Feb 2020	26-Week	1.440	1.475	3.02	39.000	39.828	45.9	5.6	48.5
18 Feb 2020	26-Week	1.510	1.547	3.09	39.000	39.610	49.9	4.2	45.9
10 Feb 2020	26-Week, reopening	1.510	1.547	3.56	39.000	40.121	59.1	1.6	39.3
3 Feb 2020	26-Week	1.520	1.557	2.77	39.000	39.567	33.0	6.6	60.3
27 Jan 2020	26-Week	1.535	1.573	2.76	39.000	39.541	24.0	5.8	70.3
21 Jan 2020	26-Week	1.520	1.557	3.20	36.000	36.698	44.7	11.2	44.1
13 Jan 2020	26-Week, reopening	1.530	1.568	2.98	36.000	38.542	41.5	5.6	52.9
6 Jan 2020	26-Week	1.520	1.557	3.09	36.000	36.541	53.2	4.4	42.3
30 Dec 2019	26-Week	1.560	1.599	2.81	36.000	36.001	29.1	2.6	68.3
23 Dec 2019	26-Week	1.570	1.609	3.03	36.000	36.665	49.9	2.2	47.9
16 Dec 2019	26-Week, reopening	1.550	1.588	2.63	36.000	36.035	27.4	3.7	69.0
9 Dec 2019	26-Week	1.520	1.557	2.98	36.000	36.000	49.2	4.0	46.8
2 Dec 2019	26-Week	1.565	1.604	3.11	36.000	36.000	52.3	1.4	46.3
25 Nov 2019	26-Week	1.580	1.619	2.73	39.000	39.002	32.8	2.7	64.4
18 Nov 2019	26-Week, reopening	1.540	1.578	2.89	42.000	42.000	52.7	2.4	44.9
12 Nov 2019	26-Week	1.550	1.588	2.99	42.000	42.970	55.7	2.5	41.8
4 Nov 2019	26-Week	1.535	1.573	2.69	42.000	42.000	39.8	2.7	57.5
28 Oct 2019	26-Week	1.610	1.650	3.23	42.000	42.001	57.0	1.5	41.5
21 Oct 2019	26-Week, reopening	1.600	1.640	2.73	42.000	42.000	47.9	2.8	49.3
15 Oct 2019	26-Week	1.620	1.661	3.15	42.000	42.000	53.1	7.4	39.6
7 Oct 2019	26-Week	1.690	1.733	2.52	42.000	42.000	21.4	2.4	76.2
30 Sep 2019	26-Week	1.795	1.842	2.83	42.000	42.000	55.8	1.9	42.3
23 Sep 2019	26-Week, reopening	1.860	1.909	2.77	42.000	42.000	42.5	7.4	50.1
16 Sep 2019	26-Week	1.870	1.919	2.74	42.000	42.000	50.7	2.2	47.2
9 Sep 2019	26-Week	1.825	1.873	2.98	42.000	42.000	54.5	1.7	43.8
3 Sep 2019	26-Week	1.825	1.873	3.10	42.000	42.000	49.7	10.1	40.2
26 Aug 2019	26-Week, reopening	1.840	1.888	3.05	42.000	42.001	62.8	1.0	36.2
19 Aug 2019	26-Week	1.840	1.888	2.86	42.000	42.000	50.5	2.2	47.3
12 Aug 2019	26-Week	1.890	1.940	3.06	42.000	42.000	51.8	2.3	45.9
5 Aug 2019	26-Week	1.950	2.002	2.31	39.000	39.000	17.3	1.9	80.8
29 Jul 2019	26-Week, reopening	2.035	2.090	3.04	36.000	36.000	52.4	1.7	45.9
22 Jul 2019	26-Week	2.010	2.064	2.69	36.000	36.000	28.1	1.1	70.8
15 Jul 2019	26-Week	2.010	2.064	3.22	36.000	36.000	55.1	2.1	42.8
8 Jul 2019	26-Week	2.075	2.132	2.95	36.000	36.000	52.8	2.3	44.9
1 Jul 2019	26-Week, reopening	2.040	2.095	2.91	36.000	36.000	51.3	1.9	46.7
24 Jun 2019	26-Week	2.030	2.085	2.69	36.000	36.000	34.1	2.2	63.6
17 Jun 2019	26-Week	2.130	2.189	2.88	36.000	36.000	48.9	1.7	49.4
10 Jun 2019	26-Week	2.140	2.199	2.98	36.000	36.001	38.6	6.1	55.3
3 Jun 2019	26-Week, reopening	2.255	2.319	2.70	36.000	36.000	39.1	2.2	58.7
28 May 2019	26-Week	2.320	2.387	2.91	36.000	36.000	41.9	4.7	53.4
20 May 2019	26-Week	2.340	2.407	2.82	36.000	36.000	35.6	5.1	59.3
13 May 2019	26-Week	2.355	2.423	3.26	36.000	36.000	42.7	9.2	48.1
6 May 2019	26-Week, reopening	2.380	2.449	3.21	36.000	36.000	52.3	8.3	39.4
29 Apr 2019	26-Week	2.395	2.465	3.01	36.000	36.000	41.6	2.9	55.6
22 Apr 2019	26-Week	2.400	2.470	3.26	36.000	36.000	56.5	6.6	37.0
15 Apr 2019	26-Week	2.390	2.460	3.09	36.000	36.001	34.9	3.3	61.8
8 Apr 2019	26-Week, reopening	2.395	2.465	3.14	36.000	36.000	29.5	9.2	61.3
1 Apr 2019	26-Week	2.380	2.449	2.92	39.000	39.000	34.3	11.8	53.9
25 Mar 2019	26-Week	2.415	2.486	2.88	39.000	39.000	38.1	1.7	60.2
18 Mar 2019	26-Week	2.450	2.522	2.86	39.000	39.001	36.9	2.8	60.3
11 Mar 2019	26-Week, reopening	2.455	2.527	3.09	39.000	39.000	43.9	4.0	52.1
4 Mar 2019	26-Week	2.460	2.532	3.03	39.000	39.001	44.3	3.1	52.6
25 Feb 2019	26-Week	2.455	2.520	3.17	39.000	39.001	47.5	3.7	48.8
19 Feb 2019	26-Week	2.455	2.520	3.08	39.000	39.000	41.3	3.1	55.6
11 Feb 2019	26-Week, reopening	2.450	2.515	2.95	39.000	39.001	42.1	2.3	55.6

The table scrolls sideways; the first column stays in place.

Source: U.S. Treasury, Bureau of the Fiscal Service, Fiscal Data, Treasury Securities Auctions Data. Observed 5 Oct 2026.

Shares of competitive bids, grades against earlier auctions and the high-minus-median spread are computed by 500metrics from Treasury's published fields; how.

Sources and licence

U.S. Treasury, Bureau of the Fiscal Service, Fiscal Data (source). Licence: Public domain, a work of the US federal government

Our text and compilation: CC BY 4.0. How to reuse and cite this page.