---
source: U.S. Department of the Treasury
url: https://treasurydirect.gov/instit/annceresult/press/preanre/2026/R_20260409_2.pdf
document_type: pdf
date_retrieved: 2026-04-09
period: April 09, 2026
parent_publication: Treasury Auction Results
indicators_covered: ["4-Week Bill Yield (28-Day)"]
---

# Treasury Auction Results — 28-Day Bill (4-Week)

For Immediate Release
April 09, 2026

**Contact:** Treasury Auctions
202-504-3550

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## Term and Type of Security

| Field | Value |
|-------|-------|
| Term | 28-Day Bill |
| CUSIP | 912797TR8 |
| Issue Date | April 14, 2026 |
| Maturity Date | May 12, 2026 |

## Rates and Prices

| Metric | Value |
|--------|-------|
| High Rate ¹ | 3.560% |
| Allotted at High | 76.37% |
| Price | 99.723111 |
| Investment Rate ² | 3.619% |
| Median Rate ³ | 3.510% |
| Low Rate ⁴ | 3.400% |

## Amounts (millions USD)

| Category | Competitive | Noncompetitive | FIMA (Noncompetitive) | Total |
|----------|-------------|----------------|-----------------------|-------|
| Tendered | $159,588,000,000 | $6,000,000,000 | $88,767,746,000 | $254,355,746,000 |
| Accepted | $11,801,030,000 | $2,667,295,000 | $57,493,446,000 | $71,961,771,000 |
| SOMA | — | — | — | $891,258,400 |
| **Total Accepted** | — | — | — | **$80,000,278,800** |

**Primary Dealer, Direct Bidder, Indirect Bidder** breakdown also available.

## Notes

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.

**Bid-to-Cover Ratio:** 3.28
**Awards to Treasury Retail:** $4,886,186,900

> For descriptions of these terms, see the Auction FAQs available at https://www.treasurydirect.gov/help-center/faqs/auction-faqs/.

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*Source: U.S. Department of the Treasury, Treasury Direct*