8-week bill auctions: page 2 of 3

The 8-week bill auctioned on 1 October 2026 sold at a discount rate of 3.990% (investment rate 4.071%), bid-to-cover 2.70.

Every 8-week bill auction, page 2 of 3

Auctions with results since 16 October 2018: 417.

8-week bill auctions, newest first
Auction	Offered as	Discount rate, %	Investment rate, %	Bid-to-cover	Offered, $ billion	Sold, $ billion	Indirect, %	Direct, %	Dealers, %
1 Dec 2022	8-Week, reopening	4.080	4.163	2.76	45.000	46.248	62.1	1.7	36.2
23 Nov 2022	8-Week, reopening	4.120	4.204	2.81	50.000	51.643	66.1	1.8	32.1
17 Nov 2022	8-Week, reopening	4.020	4.101	2.46	55.000	56.607	53.9	1.2	44.8
10 Nov 2022	8-Week, reopening	3.850	3.927	2.68	55.000	56.855	60.2	1.3	38.6
3 Nov 2022	8-Week, reopening	3.880	3.958	2.75	55.000	56.519	62.3	1.0	36.7
27 Oct 2022	8-Week, reopening	3.820	3.896	2.67	55.000	56.842	52.7	2.1	45.2
20 Oct 2022	8-Week, reopening	3.690	3.763	2.49	55.000	56.723	54.9	1.3	43.8
13 Oct 2022	8-Week, reopening	3.480	3.548	2.48	50.000	52.226	57.4	1.3	41.3
6 Oct 2022	8-Week, reopening	3.230	3.291	2.53	45.000	46.938	39.2	2.2	58.7
29 Sep 2022	8-Week, reopening	3.065	3.122	2.57	45.000	47.359	56.1	1.1	42.8
22 Sep 2022	8-Week, reopening	2.990	3.046	2.60	45.000	47.436	51.9	2.3	45.8
15 Sep 2022	8-Week, reopening	2.925	2.979	2.64	45.000	47.489	56.6	2.4	41.0
8 Sep 2022	8-Week, reopening	2.765	2.816	2.93	45.000	47.071	54.8	2.1	43.1
1 Sep 2022	8-Week, reopening	2.730	2.780	3.02	45.000	47.502	55.8	0.8	43.4
25 Aug 2022	8-Week, reopening	2.610	2.657	2.73	50.000	53.036	58.3	1.7	39.9
18 Aug 2022	8-Week, reopening	2.490	2.534	2.77	50.000	53.101	55.1	2.2	42.6
11 Aug 2022	8-Week, reopening	2.430	2.473	2.35	50.000	52.601	39.0	4.0	57.0
4 Aug 2022	8-Week, reopening	2.280	2.320	2.54	50.000	53.188	49.0	1.7	49.3
28 Jul 2022	8-Week, reopening	2.210	2.248	2.79	50.000	53.082	59.5	3.2	37.3
21 Jul 2022	8-Week, reopening	2.230	2.269	2.71	50.000	53.152	52.4	2.3	45.3
14 Jul 2022	8-Week, reopening	2.270	2.310	2.47	40.000	42.599	33.0	4.3	62.7
7 Jul 2022	8-Week, reopening	1.840	1.871	2.77	30.000	33.089	38.7	3.9	57.3
30 Jun 2022	8-Week, reopening	1.650	1.677	2.89	30.000	32.986	47.1	2.9	50.1
23 Jun 2022	8-Week, reopening	1.500	1.524	2.97	30.000	33.045	55.3	1.9	42.8
16 Jun 2022	8-Week, reopening	1.470	1.494	3.28	30.000	32.538	56.9	2.4	40.7
9 Jun 2022	8-Week, reopening	1.150	1.168	3.06	30.000	33.091	48.3	1.9	49.8
2 Jun 2022	8-Week, reopening	1.040	1.056	3.23	30.000	32.989	54.7	2.1	43.2
26 May 2022	8-Week, reopening	0.915	0.929	3.36	30.000	33.067	54.3	0.9	44.7
19 May 2022	8-Week, reopening	0.900	0.914	2.90	30.000	32.564	42.0	4.2	53.8
12 May 2022	8-Week, reopening	0.755	0.766	3.02	30.000	33.086	33.6	3.4	63.1
5 May 2022	8-Week, reopening	0.710	0.721	3.55	30.000	32.983	57.3	0.0	42.7
28 Apr 2022	8-Week, reopening	0.710	0.721	3.64	30.000	33.019	46.9	6.8	46.4
21 Apr 2022	8-Week, reopening	0.625	0.634	3.24	30.000	32.507	41.8	2.9	55.3
14 Apr 2022	8-Week, reopening	0.570	0.578	3.56	30.000	33.098	58.7	0.8	40.5
7 Apr 2022	8-Week, reopening	0.500	0.507	2.96	30.000	32.995	24.8	16.1	59.1
31 Mar 2022	8-Week, reopening	0.380	0.386	2.75	30.000	33.123	16.5	8.2	75.2
24 Mar 2022	8-Week, reopening	0.300	0.304	2.99	30.000	32.630	31.8	13.7	54.4
17 Mar 2022	8-Week, reopening	0.300	0.304	3.45	35.000	38.074	49.6	6.3	44.1
10 Mar 2022	8-Week, reopening	0.265	0.269	3.15	35.000	37.968	56.5	5.3	38.2
3 Mar 2022	8-Week, reopening	0.205	0.208	3.69	35.000	37.897	61.6	3.9	34.5
24 Feb 2022	8-Week, reopening	0.200	0.203	3.70	35.000	37.364	73.0	1.7	25.3
17 Feb 2022	8-Week, reopening	0.250	0.254	3.12	40.000	42.762	54.4	3.6	42.0
10 Feb 2022	8-Week, reopening	0.250	0.254	2.97	40.000	42.673	47.3	6.5	46.3
3 Feb 2022	8-Week, reopening	0.140	0.142	3.26	40.000	43.042	50.2	6.8	43.0
27 Jan 2022	8-Week, reopening	0.140	0.142	2.89	40.000	42.660	40.1	6.9	53.0
20 Jan 2022	8-Week, reopening	0.085	0.086	2.75	40.000	43.571	39.4	7.9	52.6
13 Jan 2022	8-Week, reopening	0.050	0.051	3.39	40.000	43.445	37.7	8.0	54.3
6 Jan 2022	8-Week, reopening	0.055	0.056	3.24	40.000	42.822	27.7	21.2	51.1
30 Dec 2021	8-Week, reopening	0.055	0.056	3.14	40.000	42.078	46.2	7.3	46.5
23 Dec 2021	8-Week, reopening	0.050	0.051	3.41	40.000	41.749	50.4	7.1	42.4
16 Dec 2021	8-Week, reopening	0.050	0.051	3.10	25.000	26.709	26.5	10.1	63.4
9 Dec 2021	8-Week, reopening	0.050	0.051	3.70	25.000	28.318	54.5	5.6	40.0
2 Dec 2021	8-Week, reopening	0.045	0.046	3.33	25.000	28.388	45.6	7.8	46.6
24 Nov 2021	8-Week, reopening	0.045	0.046	3.60	25.000	30.849	52.1	5.0	42.9
18 Nov 2021	8-Week, reopening	0.045	0.046	4.43	25.000	30.698	64.8	2.1	33.2
10 Nov 2021	8-Week, reopening	0.060	0.061	3.36	25.000	30.021	36.3	8.6	55.1
4 Nov 2021	8-Week, reopening	0.055	0.056	3.53	25.000	28.319	36.8	11.5	51.8
28 Oct 2021	8-Week, reopening	0.095	0.096	3.45	25.000	26.594	18.9	41.1	39.9
21 Oct 2021	8-Week, reopening	0.100	0.101	3.23	25.000	26.480	28.6	18.6	52.8
14 Oct 2021	8-Week, reopening	0.080	0.081	3.11	25.000	27.636	21.1	19.0	59.9
7 Oct 2021	8-Week, reopening	0.110	0.112	3.05	25.000	28.415	33.7	14.8	51.5
30 Sep 2021	8-Week, reopening	0.040	0.041	3.71	25.000	29.363	56.4	1.6	42.0
23 Sep 2021	8-Week, reopening	0.035	0.035	3.90	25.000	29.427	67.3	2.0	30.7
16 Sep 2021	8-Week, reopening	0.055	0.056	3.45	30.000	34.394	48.6	7.6	43.7
9 Sep 2021	8-Week, reopening	0.065	0.066	3.21	30.000	33.281	38.9	8.6	52.5
2 Sep 2021	8-Week, reopening	0.065	0.066	3.02	30.000	33.676	30.0	5.9	64.1
26 Aug 2021	8-Week, reopening	0.060	0.061	3.45	30.000	33.261	45.8	7.1	47.2
19 Aug 2021	8-Week, reopening	0.055	0.056	3.61	30.000	33.077	58.1	2.6	39.3
12 Aug 2021	8-Week, reopening	0.055	0.056	3.23	35.000	37.594	37.3	11.8	50.9
5 Aug 2021	8-Week, reopening	0.050	0.051	3.42	35.000	38.046	29.3	8.8	61.9
29 Jul 2021	8-Week, reopening	0.045	0.046	3.52	35.000	37.938	35.0	9.6	55.4
22 Jul 2021	8-Week, reopening	0.045	0.046	4.17	35.000	38.004	30.3	10.6	59.1
15 Jul 2021	8-Week, reopening	0.050	0.051	3.65	35.000	37.506	38.2	7.6	54.3
8 Jul 2021	8-Week, reopening	0.045	0.046	4.15	40.000	43.257	57.2	6.3	36.5
1 Jul 2021	8-Week, reopening	0.045	0.046	4.46	40.000	43.163	48.6	16.8	34.6
24 Jun 2021	8-Week, reopening	0.050	0.051	3.60	40.000	43.235	56.2	4.4	39.3
17 Jun 2021	8-Week, reopening	0.035	0.035	3.92	40.000	42.698	68.9	1.0	30.0
10 Jun 2021	8-Week, reopening	0.020	0.020	2.89	40.000	43.273	31.3	9.3	59.4
3 Jun 2021	8-Week, reopening	0.015	0.015	2.97	40.000	43.133	26.9	9.3	63.8
27 May 2021	8-Week, reopening	0.005	0.005	3.23	40.000	43.201	25.7	11.7	62.6
20 May 2021	8-Week, reopening	0.005	0.005	3.38	40.000	42.671	26.1	7.8	66.1
13 May 2021	8-Week, reopening	0.010	0.010	3.47	40.000	43.243	22.5	9.8	67.7
6 May 2021	8-Week, reopening	0.010	0.010	3.59	40.000	43.192	43.0	3.9	53.1
29 Apr 2021	8-Week, reopening	0.010	0.010	3.40	40.000	43.262	49.6	6.6	43.8
22 Apr 2021	8-Week, reopening	0.015	0.015	3.14	40.000	42.722	41.1	10.5	48.4
15 Apr 2021	8-Week, reopening	0.015	0.015	2.99	40.000	43.302	17.7	11.5	70.8
8 Apr 2021	8-Week, reopening	0.010	0.010	3.71	40.000	43.075	47.9	7.9	44.2
1 Apr 2021	8-Week, reopening	0.015	0.015	3.62	40.000	43.142	54.0	4.4	41.5
25 Mar 2021	8-Week, reopening	0.020	0.020	3.44	40.000	42.622	51.7	7.8	40.5
18 Mar 2021	8-Week, reopening	0.010	0.010	3.10	40.000	43.181	30.3	9.9	59.8
11 Mar 2021	8-Week, reopening	0.035	0.035	3.40	35.000	38.311	60.8	1.2	38.0
4 Mar 2021	8-Week, reopening	0.035	0.035	3.34	35.000	38.384	50.2	4.5	45.3
25 Feb 2021	8-Week, reopening	0.040	0.041	3.05	35.000	37.822	34.9	5.5	59.6
18 Feb 2021	8-Week, reopening	0.030	0.030	3.78	35.000	38.424	39.1	15.6	45.3
11 Feb 2021	8-Week, reopening	0.035	0.035	3.39	35.000	38.310	41.0	12.4	46.6
4 Feb 2021	8-Week, reopening	0.035	0.035	3.84	35.000	38.382	39.5	6.5	54.0
28 Jan 2021	8-Week, reopening	0.065	0.066	3.83	35.000	37.825	54.0	4.9	41.2
21 Jan 2021	8-Week, reopening	0.080	0.081	3.50	35.000	38.428	31.0	15.0	54.0
14 Jan 2021	8-Week, reopening	0.080	0.081	3.23	35.000	38.313	26.8	7.2	66.0
7 Jan 2021	8-Week, reopening	0.085	0.086	3.81	35.000	38.385	50.6	12.2	37.2
31 Dec 2020	8-Week, reopening	0.085	0.086	2.84	35.000	37.818	35.6	4.8	59.6
24 Dec 2020	8-Week, reopening	0.090	0.091	3.27	35.000	38.422	49.2	4.1	46.7
17 Dec 2020	8-Week, reopening	0.080	0.081	3.38	35.000	38.309	53.1	7.4	39.5
10 Dec 2020	8-Week, reopening	0.075	0.076	3.38	35.000	38.380	41.6	6.2	52.2
3 Dec 2020	8-Week, reopening	0.075	0.076	3.35	35.000	37.829	59.4	2.6	38.0
25 Nov 2020	8-Week, reopening	0.080	0.081	3.47	35.000	38.429	54.8	1.6	43.5
19 Nov 2020	8-Week, reopening	0.070	0.071	3.23	35.000	38.314	35.0	7.8	57.2
12 Nov 2020	8-Week, reopening	0.090	0.091	3.25	35.000	38.388	42.3	7.5	50.2
5 Nov 2020	8-Week, reopening	0.085	0.086	3.11	35.000	37.809	23.4	6.9	69.7
29 Oct 2020	8-Week, reopening	0.085	0.086	3.45	35.000	38.416	45.1	4.2	50.6
22 Oct 2020	8-Week, reopening	0.090	0.091	3.51	35.000	38.303	39.6	10.8	49.6
15 Oct 2020	8-Week, reopening	0.095	0.096	3.21	35.000	38.374	42.0	3.3	54.8
8 Oct 2020	8-Week, reopening	0.090	0.091	3.45	35.000	37.846	44.5	1.9	53.7
1 Oct 2020	8-Week, reopening	0.085	0.086	3.61	35.000	38.440	60.8	1.9	37.3
24 Sep 2020	8-Week, reopening	0.090	0.091	3.60	35.000	38.324	36.9	6.2	56.9
17 Sep 2020	8-Week, reopening	0.095	0.096	3.09	35.000	38.401	35.3	6.0	58.6
10 Sep 2020	8-Week, reopening	0.105	0.106	3.23	35.000	37.777	49.4	4.5	46.1
3 Sep 2020	8-Week, reopening	0.100	0.101	3.14	35.000	38.397	36.3	4.2	59.5
27 Aug 2020	8-Week, reopening	0.090	0.091	2.93	35.000	38.284	47.0	3.0	50.0
20 Aug 2020	8-Week, reopening	0.090	0.091	2.99	35.000	38.349	42.0	4.0	54.0
13 Aug 2020	8-Week, reopening	0.100	0.101	3.03	35.000	37.905	48.6	2.4	49.0
6 Aug 2020	8-Week, reopening	0.100	0.101	2.88	35.000	38.476	38.7	4.3	57.0
30 Jul 2020	8-Week, reopening	0.095	0.096	2.96	35.000	38.360	35.3	3.2	61.5
23 Jul 2020	8-Week, reopening	0.100	0.101	2.85	35.000	38.446	21.8	3.7	74.5
16 Jul 2020	8-Week, reopening	0.110	0.112	3.22	35.000	37.667	34.1	3.2	62.7
9 Jul 2020	8-Week, reopening	0.120	0.122	2.96	40.000	43.329	26.7	4.9	68.4
2 Jul 2020	8-Week, reopening	0.135	0.137	2.91	45.000	48.219	46.9	2.0	51.2
25 Jun 2020	8-Week, reopening	0.140	0.142	2.72	50.000	53.266	29.7	2.7	67.6
18 Jun 2020	8-Week, reopening	0.135	0.137	2.92	55.000	57.729	51.0	7.5	41.6
11 Jun 2020	8-Week, reopening	0.155	0.157	2.86	60.000	63.127	46.6	11.6	41.8
4 Jun 2020	8-Week, reopening	0.145	0.147	2.60	70.000	73.019	43.1	3.2	53.7
28 May 2020	8-Week, reopening	0.135	0.137	2.87	70.000	73.134	64.1	0.9	34.9
21 May 2020	8-Week, reopening	0.105	0.106	2.65	70.000	72.358	46.6	2.7	50.7
14 May 2020	8-Week, reopening	0.110	0.112	2.90	70.000	73.012	56.8	1.8	41.5
7 May 2020	8-Week	0.110	0.112	2.89	70.000	72.987	63.3	1.2	35.5
30 Apr 2020	8-Week	0.095	0.096	3.07	70.000	72.951	59.8	1.6	38.6
23 Apr 2020	8-Week, reopening	0.120	0.122	2.53	70.000	73.011	41.0	3.2	55.8
16 Apr 2020	8-Week, reopening	0.150	0.152	3.03	70.000	73.332	65.0	2.6	32.4
9 Apr 2020	8-Week, reopening	0.290	0.294	2.56	70.000	73.057	39.8	7.1	53.2
2 Apr 2020	8-Week	0.095	0.096	2.85	60.000	62.921	55.0	1.4	43.6
26 Mar 2020	8-Week	0.000	0.000	3.77	50.000	51.189	47.3	6.2	46.4
19 Mar 2020	8-Week	0.030	0.030	2.99	40.000	42.170	44.9	16.6	38.5
12 Mar 2020	8-Week	0.290	0.294	2.97	40.000	42.471	63.3	2.3	34.4
5 Mar 2020	8-Week	0.820	0.832	2.73	45.000	47.849	37.8	4.0	58.2
27 Feb 2020	8-Week	1.500	1.524	2.71	45.000	45.487	36.8	5.3	58.0
20 Feb 2020	8-Week	1.570	1.600	2.77	45.000	47.119	49.6	2.8	47.6
13 Feb 2020	8-Week	1.565	1.595	2.93	45.000	47.033	45.2	3.4	51.4
6 Feb 2020	8-Week	1.550	1.580	3.06	45.000	48.207	41.5	4.1	54.4
30 Jan 2020	8-Week	1.550	1.580	3.01	45.000	45.580	47.8	2.8	49.3
23 Jan 2020	8-Week	1.540	1.569	2.82	40.000	41.531	39.1	4.7	56.1
16 Jan 2020	8-Week	1.530	1.559	3.20	35.000	36.630	47.6	3.4	49.0
9 Jan 2020	8-Week	1.515	1.544	2.99	35.000	37.162	35.0	3.2	61.8
2 Jan 2020	8-Week	1.515	1.544	3.15	35.000	35.134	49.8	2.4	47.8
26 Dec 2019	8-Week	1.565	1.595	3.24	35.000	37.308	56.3	1.6	42.1
19 Dec 2019	8-Week	1.555	1.585	2.78	35.000	37.000	46.0	4.3	49.7
12 Dec 2019	8-Week	1.540	1.569	2.69	35.000	38.784	53.9	2.6	43.4
5 Dec 2019	8-Week	1.520	1.549	3.18	35.000	35.088	53.1	2.8	44.1
27 Nov 2019	8-Week	1.570	1.600	3.53	35.000	35.454	51.4	1.9	46.7
21 Nov 2019	8-Week	1.540	1.569	2.89	40.000	40.009	48.2	3.0	48.8
14 Nov 2019	8-Week	1.520	1.549	3.20	40.000	40.000	59.7	1.7	38.6
7 Nov 2019	8-Week	1.530	1.559	2.81	40.000	40.016	43.2	2.8	54.1
31 Oct 2019	8-Week	1.560	1.590	3.21	40.000	40.023	58.3	1.5	40.2
24 Oct 2019	8-Week	1.680	1.712	2.85	40.000	40.000	42.3	3.6	54.1
17 Oct 2019	8-Week	1.665	1.697	2.99	40.000	40.000	48.7	2.7	48.6
10 Oct 2019	8-Week	1.685	1.718	2.88	40.000	40.013	42.5	2.7	54.7
3 Oct 2019	8-Week	1.710	1.743	2.86	40.000	40.047	36.6	3.4	60.0
26 Sep 2019	8-Week	1.860	1.896	3.09	40.000	40.001	49.1	2.3	48.5
19 Sep 2019	8-Week	1.950	1.989	2.59	40.000	40.000	29.9	2.5	67.6
12 Sep 2019	8-Week	1.920	1.958	2.87	40.000	40.022	45.7	2.5	51.8
5 Sep 2019	8-Week	1.960	1.999	3.18	40.000	40.001	57.0	3.7	39.3
29 Aug 2019	8-Week	1.990	2.029	3.18	40.000	40.000	51.1	3.0	46.0
22 Aug 2019	8-Week	1.985	2.024	2.86	40.000	40.000	50.2	2.0	47.8
15 Aug 2019	8-Week	1.950	1.989	3.05	40.000	40.000	55.9	1.6	42.5
8 Aug 2019	8-Week	2.050	2.091	3.24	40.000	40.001	45.1	3.3	51.6
1 Aug 2019	8-Week	2.100	2.142	2.67	35.000	35.000	21.7	4.2	74.1
25 Jul 2019	8-Week	2.140	2.183	2.77	35.000	35.000	44.8	2.5	52.7
18 Jul 2019	8-Week	2.120	2.162	2.45	35.000	35.000	35.7	3.3	61.0
11 Jul 2019	8-Week	2.130	2.173	2.99	35.000	35.000	56.9	3.1	40.0
3 Jul 2019	8-Week	2.155	2.198	2.76	35.000	35.000	56.4	3.3	40.3
27 Jun 2019	8-Week	2.120	2.162	3.17	35.000	35.000	55.1	2.9	42.0
20 Jun 2019	8-Week	2.105	2.147	2.98	35.000	35.001	48.2	3.3	48.5
13 Jun 2019	8-Week	2.200	2.244	3.12	35.000	35.001	52.3	1.8	45.9
6 Jun 2019	8-Week	2.300	2.347	2.73	35.000	35.002	26.9	8.7	64.4
30 May 2019	8-Week	2.330	2.377	2.74	35.000	35.001	24.4	2.5	73.1
23 May 2019	8-Week	2.330	2.377	2.53	35.000	35.000	17.3	2.4	80.3
16 May 2019	8-Week	2.355	2.403	3.10	35.000	35.000	42.1	0.9	57.0
9 May 2019	8-Week	2.380	2.429	3.05	35.000	35.000	39.0	2.7	58.3
2 May 2019	8-Week	2.390	2.439	2.70	35.000	35.000	29.6	3.6	66.9
25 Apr 2019	8-Week	2.380	2.429	3.29	35.000	35.001	41.4	2.5	56.1
18 Apr 2019	8-Week	2.390	2.439	2.95	35.000	35.000	36.4	2.5	61.1
11 Apr 2019	8-Week	2.375	2.424	2.99	35.000	35.000	30.6	3.2	66.2
4 Apr 2019	8-Week	2.380	2.429	3.35	35.000	35.000	42.1	3.2	54.7
28 Mar 2019	8-Week	2.395	2.444	3.11	35.000	35.000	44.6	3.8	51.6
21 Mar 2019	8-Week	2.420	2.470	2.89	35.000	35.000	49.6	1.4	48.9
14 Mar 2019	8-Week	2.400	2.449	3.09	35.000	35.000	44.7	2.6	52.7
7 Mar 2019	8-Week	2.400	2.449	3.54	35.000	35.001	51.6	2.9	45.4
28 Feb 2019	8-Week	2.410	2.459	3.02	35.000	35.000	38.2	2.1	59.7
21 Feb 2019	8-Week	2.400	2.442	3.17	35.000	35.001	48.1	1.9	50.1
14 Feb 2019	8-Week	2.400	2.442	2.95	35.000	35.000	43.6	2.8	53.5
7 Feb 2019	8-Week	2.385	2.427	3.21	35.000	35.000	40.0	3.0	56.9

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Source: U.S. Treasury, Bureau of the Fiscal Service, Fiscal Data, Treasury Securities Auctions Data. Observed 1 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.