U.S. 10-day cash management bills high rate 3.925%
TLT•The U.S. Treasury’s auction of 10-day cash management bills had a high rate of 3.925% and a bid-to-cover ratio of 3.87. It accepted about $25 billion of bids.
1. Auction results
The U.S. Treasury accepted $25.0 billion of bids for 10-day cash management bills. The high rate was 3.925%, the median was 3.900% and the low was 3.850%; total public bids tendered were about $96.7 billion. The bills are scheduled to be issued Oct. 26, 2026, and mature Nov. 5, 2026.
