Dutch auctions are also called uniform-price auctions. Successful bidders pay only the price of the lowest accepted bid, rather than the actual price they bid as in a multiple-price auction.
U.S. Treasury reports 17-week bill auction results
The U.S. Treasury Department said its Dutch bidding auction of 17-week bills brought these results:
RATES
High 3.755%
Median 3.740%
Low 3.680%
Investment 3.855%
PRICE/ACCEPTANCES
Price 98.758764
Accepted at high 9.14%
Bid-to-cover ratio 3.16
AMOUNTS TENDERED AND ACCEPTED (dollars)
Competitive bids accepted 71,392,040,000
Noncompetitive bids accepted 509,286,400
Fed add-ons 5,349,039,700
BILLS DETAILS
Issued date Aug. 18, 2026
Maturity date Dec. 15, 2026
CUSIP number 912797WF0
Dutch auctions are also called uniform-price auctions. Successful bidders pay only the price of the lowest accepted bid, rather than the actual price they bid as in a multiple-price auction.