---
source: U.S. Department of the Treasury
url: https://www.treasurydirect.gov/instit/annceresult/press/preanre/2026/R_20260413_1.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: 2026-07-16
parent_publication: Treasury Auction Results
indicators_covered: ["91-Day Bill Discount Rate (High Rate)", "91-Day Bill Investment Rate (High)", "Bid-to-Cover Ratio"]
title: "Treasury Auction Results: 91-Day Bill (CUSIP 912797TN7)"
---

# Treasury Auction Results — 91-Day Bill
*April 13, 2026 | CUSIP: 912797TN7*

## High Rate (Discount Rate)
**3.620%** — Allotted at High

## Investment Rate (Equivalent Coupon-Issue Yield)
**3.704%**

## Median Rate
**3.590%**

## Low Rate
**3.515%**

## Price Per $100
**99.084944**

## Offering Amount
$89,000,645,800

## Total Accepted
$89,000,645,800 (includes SOMA)

## Competitive Tenders
- **Tendered:** $242,217,060,500
- **Accepted:** $85,096,323,200

## Noncompetitive Tenders
- **Accepted:** $1,954,322,600

## FIMA (Noncompetitive)
- **Tendered/Accepted:** $1,950,000,000

## SOMA (System Open Market Account)
- **Accepted:** $3,514,537,200

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

## Issue/Maturity
- Issue Date: April 16, 2026
- Maturity Date: July 16, 2026

## Notes
- All tenders at lower rates were accepted in full.
- 50% of accepted competitive tenders was tendered at or below the Median Rate (3.590%).
- 5% of accepted competitive tenders was tendered at or below the Low Rate (3.515%).