Treasury auctions of 4-week, 8-week bills and 30-year indexed bond
WASHINGTON, Aug. 20 (Reuters) - The U.S. Treasury Department said its Dutch bidding auction of 4-week bills brought these results:
4-week bills
Rates
High 3.640%
Median 3.610%
Low 3.500%
Investment 3.701%
Price/acceptances
Price 99.716889
Accepted at high 14.61%
Bid-to-cover ratio 2.84
Amounts tendered and accepted (dollars)
Competitive bids accepted 102,516,336,000
Noncompetitive bids accepted 5,584,172,000
Fed add-ons 7,025,477,900
Bills details
Issued date Aug. 25, 2026
Maturity date Sept. 22, 2026
CUSIP number 912797VD6
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.
The U.S. Treasury Department said its Dutch bidding auction of 8-week bills brought these results:
8-week bills
Rates
High 3.655%
Median 3.640%
Low 3.540%
Investment 3.727%
Price/acceptances
Price 99.431444
Accepted at high 46.16%
Bid-to-cover ratio 3.06
Amounts tendered and accepted (dollars)
Competitive bids accepted 96,879,681,000
Noncompetitive bids accepted 1,220,959,500
Fed add-ons 6,386,798,100
Bills details
Issued date Aug. 25, 2026
Maturity date Oct. 20, 2026
CUSIP number 912797VM6
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.
The U.S. Treasury Department said its Dutch bidding auction of 30-year indexed bond brought these results:
30-year indexed bond
Yields
High 2.973%
Median 2.925%
Low 2.880%
Price/acceptances
Price 91.015136
Accepted at high 67.82%
Bid-to-cover ratio 2.82
Amounts tendered and accepted (dollars)
Competitive bids accepted 7,942,741,400
Noncompetitive bids accepted 57,266,200
Fed add-ons 1,028,445,800
Primary Dealer Tendered 11,916,000,000
Primary Dealer Accepted 167,000,000
Direct Bidder Tendered 2,319,130,000
Direct Bidder Accepted 1,068,130,000
Indirect Bidder Tendered 8,268,110,000
Indirect Bidder Accepted 6,707,611,400
Bond details
Issued date Aug. 31, 2026
Maturity date Feb. 15, 2056
CUSIP number 912810US5
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.
TLT•
