An independent publication
Vol. I, No. 6 Afternoon Edition
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
The latest auction of this security in the snapshot was the 8-Week Treasury bill on Oct 1, 2026, with a high discount rate of 3.990% and a bid-to-cover ratio of 2.700, 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 8-Week Treasury bill auctions, copied from Fiscal Data, with what changed from the auction before.
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.
Source: U.S. Department of the Treasury, Fiscal Data, Treasury securities auctions, standard terms · as of · retrieved
| Auction date | High discount rate |
|---|---|
| Oct 1, 2026 | 3.990% |
| Sep 24, 2026 | 3.990% |
| Sep 17, 2026 | 3.920% |
| Sep 10, 2026 | 3.845% |
| Sep 3, 2026 | 3.750% |
| Aug 27, 2026 | 3.670% |
| Aug 20, 2026 | 3.655% |
| Aug 13, 2026 | 3.665% |
| Aug 6, 2026 | 3.710% |
| Jul 30, 2026 | 3.675% |
| Jul 23, 2026 | 3.795% |
| Jul 16, 2026 | 3.650% |
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.
Source: U.S. Department of the Treasury, Fiscal Data, Treasury securities auctions, standard terms · as of · retrieved
| Auction date | Bid-to-cover |
|---|---|
| Oct 1, 2026 | 2.700 |
| Sep 24, 2026 | 2.760 |
| Sep 17, 2026 | 2.940 |
| Sep 10, 2026 | 2.820 |
| Sep 3, 2026 | 3.020 |
| Aug 27, 2026 | 2.770 |
| Aug 20, 2026 | 3.060 |
| Aug 13, 2026 | 2.850 |
| Aug 6, 2026 | 2.740 |
| Jul 30, 2026 | 2.740 |
| Jul 23, 2026 | 2.310 |
| Jul 16, 2026 | 2.840 |
The latest high discount rate at 8-Week Treasury bill auctions print is 3.990% on Oct 1, 2026, the same as the auction before it, 3.990% on Sep 24, 2026.
The latest bid-to-cover at 8-Week Treasury bill auctions print is 2.700 on Oct 1, 2026, lower than the auction before it, 2.760 on Sep 24, 2026.
As of Oct 1, 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
| Auction date | CUSIP | Offering amount | High rate or yield | Bid-to-cover |
|---|---|---|---|---|
| Oct 1, 2026 | 912797VZ7 | $95,000,000,000 | 3.990% | 2.700 |
| Sep 24, 2026 | 912797VY0 | $85,000,000,000 | 3.990% | 2.760 |
| Sep 17, 2026 | 912797VX2 | $85,000,000,000 | 3.920% | 2.940 |
| Sep 10, 2026 | 912797VW4 | $85,000,000,000 | 3.845% | 2.820 |
| Sep 3, 2026 | 912797VP9 | $85,000,000,000 | 3.750% | 3.020 |
| Aug 27, 2026 | 912797VN4 | $90,000,000,000 | 3.670% | 2.770 |
| Aug 20, 2026 | 912797VM6 | $100,000,000,000 | 3.655% | 3.060 |
| Aug 13, 2026 | 912797VL8 | $100,000,000,000 | 3.665% | 2.850 |
| Aug 6, 2026 | 912797VK0 | $100,000,000,000 | 3.710% | 2.740 |
| Jul 30, 2026 | 912797VE4 | $100,000,000,000 | 3.675% | 2.740 |
| Jul 23, 2026 | 912797VD6 | $100,000,000,000 | 3.795% | 2.310 |
| Jul 16, 2026 | 912797VC8 | $100,000,000,000 | 3.650% | 2.840 |
| Jul 9, 2026 | 912797VB0 | $95,000,000,000 | 3.635% | 2.950 |
| Jul 2, 2026 | 912797UW5 | $85,000,000,000 | 3.650% | 2.700 |
| Jun 25, 2026 | 912797UV7 | $75,000,000,000 | 3.660% | 2.790 |
| Jun 18, 2026 | 912797UU9 | $75,000,000,000 | 3.640% | 2.570 |
| Jun 11, 2026 | 912797UT2 | $75,000,000,000 | 3.610% | 2.940 |
| Jun 4, 2026 | 912797US4 | $75,000,000,000 | 3.610% | 3.200 |
| May 28, 2026 | 912797UR6 | $80,000,000,000 | 3.615% | 3.080 |
| May 21, 2026 | 912797UQ8 | $95,000,000,000 | 3.600% | 2.770 |
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.
Other Treasury bill terms: 4-Week Treasury Bill · 6-Week Treasury Bill · 13-Week Treasury Bill · 17-Week Treasury Bill · 26-Week Treasury Bill · 52-Week Treasury Bill. All Treasury bill auctions.
The latest auction of this security in the snapshot was the 8-Week Treasury bill on Oct 1, 2026, with a high discount rate of 3.990% and a bid-to-cover ratio of 2.700, according to the Treasury’s Fiscal Data auction file.
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.
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.