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.
6-month bills auction results
The U.S. Treasury Department said its Dutch bidding auction of 6-month bills brought these results:
RATES
High 3.780%
Median 3.760%
Low 3.685%
Investment 3.907%
PRICE/ACCEPTANCES
Price 98.089000
Accepted at high 18.55%
Bid-to-cover ratio 2.97
AMOUNTS TENDERED AND ACCEPTED (dollars)
Competitive bids accepted 76,981,389,000
Noncompetitive bids accepted 1,919,073,400
Fed add-ons 5,774,909,900
BILLS DETAILS
Issued date Aug 20, 2026
Maturity date Feb 18, 2027
CUSIP number 912797TV9
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•
