---
source: U.S. Department of the Treasury
url: https://www.treasurydirect.gov/instit/annceresult/press/preanre/2026/R_20260414_2.pdf
document_type: pdf
date_retrieved: 2026-04-14
period: April 14, 2026 (auction date); Issue: April 16, 2026; Maturity: May 28, 2026
parent_publication: Treasury Auction Results
indicators_covered: ["42-Day Bill High Rate", "Bid-to-Cover Ratio", "Primary Dealer Allocation"]
cusip: 912797SW8
---

# Treasury Auction Results — 42-Day Bill (6-Week)

**For Immediate Release** | April 14, 2026  
Contact: Treasury Auctions | 202-504-3550

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## Security Details

| Field | Value |
|-------|-------|
| **Term and Type of Security** | 42-Day Bill |
| **CUSIP Number** | 912797SW8 |
| **Issue Date** | April 16, 2026 |
| **Maturity Date** | May 28, 2026 |

---

## Auction Results — Competitive Bids

| Metric | Rate / Value |
|--------|--------------|
| **High Rate** | 3.630% |
| **Allotted at High** | 64.13% |
| **Price** | 99.576500 |
| **Investment Rate** (equivalent coupon yield) | 3.696% |
| **Median Rate** | 3.600% |
| **Low Rate** | 3.530% |

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## Tenders Summary (US$)

| Category | Tendered | Accepted |
|----------|----------|----------|
| Competitive | 209,204,915,000 | 66,613,362,100 |
| Noncompetitive | 1,387,134,200 | 1,387,134,200 |
| FIMA (Noncompetitive) | 2,000,000,000 | 2,000,000,000 |
| Subtotal | 212,592,049,200 | 70,000,496,300 |
| **SOMA** | 2,764,242,800 | 2,764,242,800 |
| **Total** | 215,356,292,000 | 72,764,739,100 |

> **Bid-to-Cover Ratio:** 3.04 (Tendered / Accepted = $212,592,049,200 / $70,000,496,300)

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## Competitive Bidder Allocation (US$)

| Bidder Type | Tendered | Accepted |
|--------------|----------|----------|
| Primary Dealer | 140,850,000,000 | 24,902,427,500 |
| Direct Bidder | 5,725,000,000 | 3,417,390,000 |
| Indirect Bidder | 62,629,915,000 | 38,293,544,600 |
| **Total Competitive** | 209,204,915,000 | 66,613,362,100 |

> Awards to Treasury Retail = $812,129,200.

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## Footnotes

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.
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/.

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## Notes

- The **High Rate** of **3.630%** matches the event's `actual` value (3.63%).
- **Previous** auction (likely week of April 7, 2026) high rate was **3.615%**, consistent with the dataset's `previousRaw` field.
- This is a 42-Day Bill, commonly referred to as a **6-Week Bill**.