For Immediate Release
April 14, 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

3.630%
64.13%
99.576500
3.696%

Median Rate 3
Low Rate 4

3.600%
3.530%

Issue Date
Maturity Date

April 16, 2026
May 28, 2026
Tendered
$209,204,915,000
$1,387,134,200
$2,000,000,000
$212,592,049,200

Accepted
$66,613,362,100
$1,387,134,200
$2,000,000,000
$70,000,496,3006

SOMA

$2,764,242,800

$2,764,242,800

Total

$215,356,292,000

$72,764,739,100

Primary Dealer 7
Direct Bidder 7
Indirect Bidder 7
Total Competitive

Tendered
$140,850,000,000
$5,725,000,000
$62,629,915,000
$209,204,915,000

Accepted
$24,902,427,500
$3,417,390,000
$38,293,544,600
$66,613,362,100

Competitive
Noncompetitive
FIMA (Noncompetitive)
Subtotal 5

1

42-Day Bill
912797SW8

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: $212,592,049,200/$70,000,496,300 = 3.04
6
Awards to Treasury Retail = $812,129,200.
7
For descriptions of these terms, see the Auction FAQs available at https://www.treasurydirect.gov/help-center/faqs/auction-faqs/.
2