---
source: U.S. Department of the Treasury
url: https://www.treasurydirect.gov/instit/annceresult/press/preanre/2026/R_20260413_2.pdf
document_type: pdf
date_retrieved: 2026-04-13T15:42:03.695199+00:00
period: 2026-04-13 (auction date); Issue: 2026-04-16; Maturity: 2026-10-15
parent_publication: Treasury Auction Results
indicators_covered: ["182-Day Bill Discount Rate (High Rate)", "182-Day Bill Investment Rate (High)", "Bid-to-Cover Ratio"]
title: "Treasury Auction Results: 182-Day Bill (CUSIP 912797UK1)"
---

# Treasury Auction Results — 182-Day Bill
*April 13, 2026 | CUSIP: 912797UK1*

## High Rate (Discount Rate)
**3.610%** — Allotted at High

## Investment Rate (Equivalent Coupon-Issue Yield)
**3.728%**

## Median Rate
**3.580%**

## Low Rate
**3.500%**

## Price Per $100
**98.174944**

## Offering Amount
$77,000,260,900

## Total Accepted
$80,040,927,900 (includes SOMA)

## Competitive Tenders
- **Tendered:** $215,600,722,000
- **Accepted:** $73,970,145,000

## Noncompetitive Tenders
- **Accepted:** $1,630,115,900

## FIMA (Noncompetitive)
- **Tendered/Accepted:** $1,400,000,000

## SOMA (System Open Market Account)
- **Accepted:** $3,040,667,000

## Bid-to-Cover Ratio
**2.84** (Total Tendered ÷ Total Accepted)

## Issue/Maturity
- Issue Date: April 16, 2026
- Maturity Date: October 15, 2026

## Notes
- All tenders at lower rates were accepted in full.
- 50% of accepted competitive tenders was tendered at or below the Median Rate (3.580%).
- 5% of accepted competitive tenders was tendered at or below the Low Rate (3.500%).