---
source: U.S. Department of the Treasury
url: https://www.treasurydirect.gov/instit/annceresult/press/preanre/2026/R_20260415_1.pdf
document_type: pdf
date_retrieved: 2026-04-15T15:58:00Z
period: 17-Week Bill Auction (auction date: 2026-04-15; issue: 2026-04-21; maturity: 2026-08-18)
parent_publication: Treasury Auction Results
indicators_covered: ["17-Week Bill High Rate", "17-Week Bill Investment Rate"]
---

# Treasury Auction Results — 17-Week Bill (119-Day)

**For Immediate Release**  
April 15, 2026  

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

## Term and Type of Security

**119-Day Bill**  
CUSIP Number: 912797UU9  
Issue Date: April 21, 2026  
Maturity Date: August 18, 2026  

## Results

| Metric | Value |
|--------|-------|
| High Rate | 3.625% |
| Allotted at High | 11.83% |
| Price | 98.801736 |
| Investment Rate | 3.720% |
| Median Rate | 3.610% |
| Low Rate | 3.400% |

## Tenders

### Summary

| Tender Type | 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** | $202,485,879,700 | $69,000,048,400 |
| SOMA | $495,822,100 | $495,822,100 |
| **Total** | $202,981,701,800 | $69,495,870,500 |

### Competitive Breakdown

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

## Additional Notes

- **Bid-to-Cover Ratio:** 2.93 (Tendered Accepted Competitive ÷ Total Accepted Competitive)
- **Awards to Treasury Retail:** $329,302,700
- All tenders at lower rates were accepted in full.
- Investment Rate is the equivalent coupon-issue yield.
- 50% of accepted competitive tenders was tendered at or below the Median Rate.
- 5% of accepted competitive tenders was tendered at or below the Low Rate.
- For descriptions of terms, see the Auction FAQs available at https://www.treasurydirect.gov/help-center/faqs/auction-faqs/