For Immediate Release
April 01, 2026

CONTACT: Treasury Auctions
202-504-3550

TREASURY AUCTION RESULTS
Term and Type of Security
CUSIP Number
High Rate 1
Allotted at High
Price
Investment Rate 2

3.615%
22.85%
98.805042
3.710%

Median Rate 3
Low Rate 4

3.590%
3.400%

Issue Date
Maturity Date

April 07, 2026
August 04, 2026
Tendered
$202,346,510,000
$526,247,900
$900,000,000
$203,772,757,900

Accepted
$67,573,922,500
$526,247,900
$900,000,000
$69,000,170,4006

SOMA

$366,971,900

$366,971,900

Total

$204,139,729,800

$69,367,142,300

Primary Dealer 7
Direct Bidder 7
Indirect Bidder 7
Total Competitive

Tendered
$144,590,000,000
$6,817,000,000
$50,939,510,000
$202,346,510,000

Accepted
$30,202,525,000
$5,259,137,500
$32,112,260,000
$67,573,922,500

Competitive
Noncompetitive
FIMA (Noncompetitive)
Subtotal 5

1

119-Day Bill
912797US4

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: $203,772,757,900/$69,000,170,400 = 2.95
6
Awards to Treasury Retail = $383,777,300.
7
For descriptions of these terms, see the Auction FAQs available at https://www.treasurydirect.gov/help-center/faqs/auction-faqs/.
2