For Immediate Release
April 13, 2026

CONTACT: Treasury Auctions
202-504-3550

TREASURY AUCTION RESULTS
Term and Type of Security
CUSIP Number

91-Day Bill
912797TN7

High Rate 1
Allotted at High
Price
Investment Rate 2

3.620%
59.43%
99.084944
3.704%

Median Rate 3
Low Rate 4

3.590%
3.515%

Issue Date
Maturity Date

April 16, 2026
July 16, 2026
Tendered
$242,217,060,500
$1,954,322,600
$1,950,000,000
$246,121,383,100

Accepted
$85,096,323,200
$1,954,322,600
$1,950,000,000
$89,000,645,8006

SOMA

$3,514,537,200

$3,514,537,200

Total

$249,635,920,300

$92,515,183,000

Primary Dealer 7
Direct Bidder 7
Indirect Bidder 7
Total Competitive

Tendered
$172,390,000,000
$9,067,150,000
$60,759,910,500
$242,217,060,500

Accepted
$30,324,040,000
$6,551,307,500
$48,220,975,700
$85,096,323,200

Competitive
Noncompetitive
FIMA (Noncompetitive)
Subtotal 5

1

All tenders at lower rates were accepted in full.
Equivalent coupon-issue yield.
3
50% of the amount of accepted competitive tenders was tendered at or below that rate.
4
5% of the amount of accepted competitive tenders was tendered at or below that rate.
5
Bid-to-Cover Ratio: $246,121,383,100/$89,000,645,800 = 2.77
6
Awards to Treasury Retail = $1,152,140,300.
7
For descriptions of these terms, see the Auction FAQs available at https://www.treasurydirect.gov/help-center/faqs/auction-faqs/.
2