For Immediate Release                                                                        CONTACT: Treasury Auctions
                 April 16, 2026                                                                                        202-504-3550

                                                        TREASURY AUCTION RESULTS
                            Term and Type of Security                                                                         56-Day Bill
                            CUSIP Number                                                                                      912797UA3

                            High Rate 1                                                                                            3.615%
                            Allotted at High                                                                                       64.69%
                            Price                                                                                               99.437667
                            Investment Rate 2                                                                                      3.686%

                            Median Rate 3                                                                                             3.590%
                            Low Rate 4                                                                                                3.520%

                            Issue Date                                                                                     April 21, 2026
                            Maturity Date                                                                                  June 16, 2026

                                                                                        Tendered                                          Accepted
                 Competitive                                                        $238,097,854,000                                   $71,626,094,900
                 Noncompetitive                                                       $1,374,271,700                                    $1,374,271,700
                 FIMA (Noncompetitive)                                                $2,000,000,000                                    $2,000,000,000
                 Subtotal 5                                                         $241,472,125,700                                  $75,000,366,6006

                 SOMA                                                                     $538,937,200                                   $538,937,200

                 Total                                                              $242,011,062,900                                  $75,539,303,800

                                                                                        Tendered                                         Accepted
                 Primary Dealer 7                                                   $154,090,000,000                                  $25,071,495,000
                 Direct Bidder 7                                                      $5,050,000,000                                   $1,811,725,000
                 Indirect Bidder 7                                                   $78,957,854,000                                  $44,742,874,900
                 Total Competitive                                                  $238,097,854,000                                  $71,626,094,900




1
  All tenders at lower rates were accepted in full.
2
  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: $241,472,125,700/$75,000,366,600 = 3.22
6
  Awards to Treasury Retail = $912,774,700.
7
  For descriptions of these terms, see the Auction FAQs available at https://www.treasurydirect.gov/help-center/faqs/auction-faqs/.