U.S. 6-month bills high rate 3.860%

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 6-month bills brought these results:

6-MONTH BILLS

Rates

• High 3.860%
• Median 3.840%
• Low 3.770%
• Investment 3.992%

Price/acceptances

• Price 98.048556
• Accepted at high 54.42%
• Bid-to-cover ratio 3.11

Amounts tendered and accepted (dollars)

• Total accepted 79,000,549,500
• Total public bids tendered 245,955,488,000
• Competitive bids accepted 76,144,132,500
• Noncompetitive bids accepted 2,256,417,000
• Fed add-ons 3,202,923,300

Bills details

• Issued date July 16, 2026