Treasury bill auction results, every term
The latest US Treasury bill auction, the 13-week bill on , sold at a discount rate of 4.050% (investment rate 4.149%), bid-to-cover 2.51.
Latest result for every bill term
| Term | Latest auction | Discount rate | Investment rate | Bid-to-cover | Sold | Next auction |
|---|---|---|---|---|---|---|
| 4-week bill | 3.890% | 3.956% | 2.83 | $105.092 billion | ||
| 6-week bill | 3.970% | 4.044% | 2.82 | $93.133 billion | ||
| 8-week bill | 3.990% | 4.071% | 2.70 | $99.838 billion | ||
| 13-week bill | 4.050% | 4.149% | 2.51 | $102.156 billion | ||
| 17-week bill | 4.115% | 4.230% | 2.89 | $78.819 billion | ||
| 26-week bill | 4.165% | 4.314% | 2.79 | $88.177 billion | ||
| 52-week bill | 4.400% | 4.616% | 3.07 | $59.167 billion | ||
| cash management bill | 3.605% | 3.665% | 4.60 | $25 billion | – |
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How to read bill results
Bills pay no coupon: they sell below face value and pay face value at maturity. The high discount rate is the highest rate Treasury accepted, quoted on Treasury's bank-discount basis; the investment rate is the same result as a bond-equivalent yield, the one to set beside a note's yield. The bid-to-cover ratio is bids received divided by the amount sold.
Source: U.S. Treasury, Bureau of the Fiscal Service, Fiscal Data, Treasury Securities Auctions Data. Observed .
Sources and licence
Sources and licence
- U.S. Treasury, Bureau of the Fiscal Service, Fiscal Data (source). Licence: Public domain, a work of the US federal government
- U.S. Treasury, quarterly refunding documents (source). Licence: Public domain, a work of the US federal government
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