An independent publication

Vol. I, No. 6 Afternoon Edition

The Fed Gazette

A civic journal of money and credit

Live Federal Reserve rates, FOMC decisions, speeches, and Treasury data, with every figure copied from the agency that published it.

Treasury data

52-Week Treasury Bill Auction Results

The latest auction of this security in the snapshot was the 52-Week Treasury bill on Sep 29, 2026, with a high discount rate of 4.400% and a bid-to-cover ratio of 3.070, according to the Treasury’s Fiscal Data auction file.

Source: U.S. Department of the Treasury, Fiscal Data, Treasury securities auctions · Published · Updated

Recent results of the 52-Week Treasury bill auctions, copied from Fiscal Data, with what changed from the auction before.

52-Week Treasury Bill auction rates and bid-to-cover over time

High discount rate at Treasury bill auctions

One point per auction, percent, as Treasury published it. A bill is sold at a discount, and this is the highest discount rate accepted. Auctions of other terms are in the table.

3.00%3.50%4.00%4.50%Oct 25Jan 26Apr 26Jul 263.00%3.50%4.00%4.50%Oct 25Jan 26Apr 26Jul 26
0.00%2.00%4.00%6.00%202220232024202520260.00%2.00%4.00%6.00%20222023202420252026
0.00%2.00%4.00%6.00%202220232024202520260.00%2.00%4.00%6.00%20222023202420252026
  • 52-Week 4.400% Sep 29, 2026

Source: U.S. Department of the Treasury, Fiscal Data, Treasury securities auctions, standard terms · as of · retrieved

Data
High discount rate in percent for the most recent auctions of 52-Week
Auction dateHigh discount rate
Sep 29, 20264.400%
Sep 1, 20263.980%
Aug 4, 20263.880%
Jul 7, 20263.860%
Jun 9, 20263.750%
May 12, 20263.650%
Apr 14, 20263.560%
Mar 17, 20263.485%
Feb 17, 20263.345%
Jan 20, 20263.390%
Dec 23, 20253.380%
Nov 25, 20253.460%
Bid-to-cover at Treasury bill auctions

One point per auction. The ratio is the figure Treasury published, shown to three decimal places. A higher ratio means more bids were received for each dollar sold.

2.803.003.203.403.603.80Oct 25Jan 26Apr 26Jul 262.803.003.203.403.603.80Oct 25Jan 26Apr 26Jul 26
2.002.503.003.504.00202220232024202520262.002.503.003.504.0020222023202420252026
2.002.503.003.504.00202220232024202520262.002.503.003.504.0020222023202420252026
  • 52-Week 3.070 Sep 29, 2026

Source: U.S. Department of the Treasury, Fiscal Data, Treasury securities auctions, standard terms · as of · retrieved

Data
Bid-to-cover for the most recent auctions of 52-Week
Auction dateBid-to-cover
Sep 29, 20263.070
Sep 1, 20263.610
Aug 4, 20263.620
Jul 7, 20263.140
Jun 9, 20263.340
May 12, 20263.410
Apr 14, 20263.210
Mar 17, 20263.430
Feb 17, 20262.960
Jan 20, 20263.420
Dec 23, 20253.740
Nov 25, 20253.080

52-Week Treasury Bill auction: what changed since the last one

The latest high discount rate at 52-Week Treasury bill auctions print is 4.400% on Sep 29, 2026, higher than the auction before it, 3.980% on Sep 1, 2026.

The latest bid-to-cover at 52-Week Treasury bill auctions print is 3.070 on Sep 29, 2026, lower than the auction before it, 3.610 on Sep 1, 2026.

As of Sep 29, 2026 · Compared with the stored auctions of this exact term. A reopening carries a different term label and is not counted · U.S. Department of the Treasury · Fiscal Data, Treasury securities auctions · Retrieved

Recent 52-Week Treasury bill auctions

Auction dateCUSIPOffering amountHigh rate or yieldBid-to-cover
Sep 29, 2026912797WJ2$54,000,000,0004.400%3.070
Sep 1, 2026912797WA1$52,000,000,0003.980%3.610
Aug 4, 2026912797VR5$52,000,000,0003.880%3.620
Jul 7, 2026912797VQ7$52,000,000,0003.860%3.140
Jun 9, 2026912797VF1$50,000,000,0003.750%3.340
May 12, 2026912797UX3$50,000,000,0003.650%3.410
Apr 14, 2026912797UE5$50,000,000,0003.560%3.210
Mar 17, 2026912797UD7$50,000,000,0003.485%3.430
Feb 17, 2026912797TV9$50,000,000,0003.345%2.960
Jan 20, 2026912797TM9$50,000,000,0003.390%3.420
Dec 23, 2025912797TC1$50,000,000,0003.380%3.740
Nov 25, 2025912797SU2$50,000,000,0003.460%3.080
Oct 28, 2025912797SK4$50,000,000,0003.445%3.210
Sep 30, 2025912797SA6$50,000,000,0003.540%2.920
Sep 2, 2025912797RS8$50,000,000,0003.660%3.820
Aug 5, 2025912797RG4$50,000,000,0003.760%2.850
Jul 8, 2025912797RF6$50,000,000,0003.925%3.230
Jun 10, 2025912797QX8$48,000,000,0003.940%3.220
May 13, 2025912797QN0$48,000,000,0003.930%3.310
Apr 15, 2025912797QD2$48,000,000,0003.820%2.940

How 52-Week Treasury bills are auctioned, in plain English

The Treasury borrows by selling bills, notes, and bonds at auction on a published schedule. Investors bid, the Treasury accepts bids from the lowest rate upward until it has raised the amount offered, and the results are published as soon as the auction closes.

Offering amount
How many dollars of the security the Treasury offered at that auction.
High discount rate
For a bill, the highest discount rate accepted at the auction. A bill is sold below its face value, and the discount rate expresses that gap as a yearly rate.
Bid-to-cover
The ratio Treasury publishes for demand at the auction: bids received compared with the amount sold. A higher ratio means more bids for each dollar offered. This paper shows the published ratio to three decimal places and does not compute it.
CUSIP
The nine-character identifier of the security.

Other Treasury bill terms: 4-Week Treasury Bill · 6-Week Treasury Bill · 8-Week Treasury Bill · 13-Week Treasury Bill · 17-Week Treasury Bill · 26-Week Treasury Bill. All Treasury bill auctions.

52-Week Treasury Bill auction questions answered

What were the latest 52-Week Treasury bill auction results?

The latest auction of this security in the snapshot was the 52-Week Treasury bill on Sep 29, 2026, with a high discount rate of 4.400% and a bid-to-cover ratio of 3.070, according to the Treasury’s Fiscal Data auction file.

Which auction results does this page show?

The results in the Treasury’s Fiscal Data auction file, for bills, notes, and bonds. Treasury also auctions inflation-protected securities and floating rate notes; this page lists only what its snapshot holds.

Why do some auctions have an odd term, like 9-Year 11-Month?

The Treasury sometimes sells more of an existing security, called a reopening, and labels it with the time left until it matures. The table shows the term exactly as the feed labels it.