For Immediate Release                                                                        CONTACT: Treasury Auctions
                 April 15, 2026                                                                                        202-504-3550

                                                        TREASURY AUCTION RESULTS
                            Term and Type of Security                                                                        119-Day Bill
                            CUSIP Number                                                                                      912797UU9

                            High Rate 1                                                                                            3.625%
                            Allotted at High                                                                                       11.83%
                            Price                                                                                               98.801736
                            Investment Rate 2                                                                                      3.720%

                            Median Rate 3                                                                                             3.610%
                            Low Rate 4                                                                                                3.400%

                            Issue Date                                                                                   April 21, 2026
                            Maturity Date                                                                               August 18, 2026

                                                                                        Tendered                                          Accepted
                 Competitive                                                        $200,001,254,000                                   $66,515,422,700
                 Noncompetitive                                                        $484,625,700                                      $484,625,700
                 FIMA (Noncompetitive)                                                $2,000,000,000                                    $2,000,000,000
                 Subtotal 5                                                         $202,485,879,700                                  $69,000,048,4006

                 SOMA                                                                     $495,822,100                                   $495,822,100

                 Total                                                              $202,981,701,800                                  $69,495,870,500

                                                                                        Tendered                                         Accepted
                 Primary Dealer 7                                                   $146,305,000,000                                  $27,972,220,000
                 Direct Bidder 7                                                      $6,175,000,000                                   $3,464,787,500
                 Indirect Bidder 7                                                   $47,521,254,000                                  $35,078,415,200
                 Total Competitive                                                  $200,001,254,000                                  $66,515,422,700




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: $202,485,879,700/$69,000,048,400 = 2.93
6
  Awards to Treasury Retail = $329,302,700.
7
  For descriptions of these terms, see the Auction FAQs available at https://www.treasurydirect.gov/help-center/faqs/auction-faqs/.