Reopening
13-Week Treasury Bill auction result for July 21, 2025
The 13-Week Treasury Bill reopening held on July 21, 2025 recorded an official high rate of 4.345% and a bid-to-cover ratio of 2.98. Bid-to-cover decreased from 3.10 at the preceding comparable auction.
High investment rate
4.345%
Bid-to-cover
2.98
Direct bidders
6.2%
Primary dealers
29.2%
Comparable historical context
| Auction date | Series | Result | Bid-to-cover | Offering | Direct | Indirect | Dealers |
|---|---|---|---|---|---|---|---|
| 2025-07-21 | 13W Bill · reopening | High investment rate: 4.345% | 2.98 | $82.0B | 6.2% | 58.1% | 29.2% |
| 2025-07-14 | 13W Bill · reopening | High investment rate: 4.351% | 3.10 | $82.0B | 5.5% | 57.6% | 29.9% |
| 2025-07-07 | 13W Bill · reopening | High investment rate: 4.361% | 2.75 | $82.0B | 5.7% | 59.4% | 27.1% |
| 2025-06-30 | 13W Bill · reopening | High investment rate: 4.340% | 3.04 | $79.0B | 6.8% | 65.3% | 19.2% |
| 2025-06-23 | 13W Bill · reopening | High investment rate: 4.299% | 3.49 | $76.0B | 6.4% | 75.7% | 11.0% |
| 2025-06-16 | 13W Bill · reopening | High investment rate: 4.345% | 2.99 | $76.0B | 7.8% | 59.3% | 27.3% |
| 2025-06-09 | 13W Bill · reopening | High investment rate: 4.356% | 2.69 | $76.0B | 6.8% | 56.0% | 30.8% |
| 2025-06-02 | 13W Bill · reopening | High investment rate: 4.356% | 2.68 | $76.0B | 6.1% | 46.0% | 42.7% |
| 2025-05-27 | 13W Bill · reopening | High investment rate: 4.361% | 3.18 | $76.0B | 7.6% | 55.2% | 28.9% |
| 2025-05-19 | 13W Bill · reopening | High investment rate: 4.392% | 2.76 | $76.0B | 4.1% | 54.2% | 32.5% |
| 2025-05-12 | 13W Bill · reopening | High investment rate: 4.408% | 2.51 | $76.0B | 4.2% | 43.2% | 41.4% |
| 2025-05-05 | 13W Bill · reopening | High investment rate: 4.325% | 2.74 | $76.0B | 4.2% | 53.0% | 34.0% |
| 2025-04-28 | 13W Bill · reopening | High investment rate: 4.304% | 3.10 | $76.0B | 3.8% | 61.9% | 24.6% |
| 2025-04-21 | 13W Bill · reopening | High investment rate: 4.330% | 3.01 | $76.0B | 7.5% | 57.5% | 27.9% |
| 2025-04-14 | 13W Bill · reopening | High investment rate: 4.330% | 2.96 | $76.0B | 4.0% | 58.1% | 30.0% |
| 2025-04-07 | 13W Bill · reopening | High investment rate: 4.278% | 2.82 | $76.0B | 4.2% | 60.8% | 27.0% |
| 2025-03-31 | 13W Bill · reopening | High investment rate: 4.309% | 2.74 | $76.0B | 5.3% | 51.2% | 35.2% |
| 2025-03-24 | 13W Bill · reopening | High investment rate: 4.294% | 2.96 | $76.0B | 7.9% | 60.0% | 27.9% |
| 2025-03-17 | 13W Bill · reopening | High investment rate: 4.310% | 2.89 | $76.0B | 6.8% | 54.5% | 35.6% |
| 2025-03-10 | 13W Bill · reopening | High investment rate: 4.304% | 2.82 | $76.0B | 5.5% | 53.8% | 37.1% |
| 2025-03-03 | 13W Bill · reopening | High investment rate: 4.314% | 2.77 | $76.0B | 8.5% | 50.7% | 37.5% |
| 2025-02-24 | 13W Bill · reopening | High investment rate: 4.299% | 2.90 | $76.0B | 4.5% | 60.0% | 28.4% |
| 2025-02-18 | 13W Bill · reopening | High investment rate: 4.330% | 2.81 | $80.0B | 7.4% | 49.8% | 35.3% |
| 2025-02-10 | 13W Bill · reopening | High investment rate: 4.330% | 3.01 | $84.0B | 4.8% | 52.9% | 31.7% |
13-Week Bill history page is not yet available · Official result document