Reopening
13-Week Treasury Bill auction result for December 22, 2025
The 13-Week Treasury Bill reopening held on December 22, 2025 recorded an official high rate of 3.642% and a bid-to-cover ratio of 2.86. Bid-to-cover increased from 2.68 at the preceding comparable auction.
High investment rate
3.642%
Bid-to-cover
2.86
Direct bidders
7.2%
Primary dealers
29.5%
Comparable historical context
| Auction date | Series | Result | Bid-to-cover | Offering | Direct | Indirect | Dealers |
|---|---|---|---|---|---|---|---|
| 2025-12-22 | 13W Bill · reopening | High investment rate: 3.642% | 2.86 | $86.0B | 7.2% | 54.7% | 29.5% |
| 2025-12-15 | 13W Bill · reopening | High investment rate: 3.642% | 2.68 | $86.0B | 6.0% | 50.1% | 36.1% |
| 2025-12-08 | 13W Bill · reopening | High investment rate: 3.735% | 2.73 | $86.0B | 7.6% | 48.6% | 37.3% |
| 2025-12-01 | 13W Bill · reopening | High investment rate: 3.813% | 2.82 | $86.0B | 6.5% | 60.0% | 28.6% |
| 2025-11-24 | 13W Bill · reopening | High investment rate: 3.833% | 2.85 | $86.0B | 6.3% | 59.4% | 27.9% |
| 2025-11-17 | 13W Bill · reopening | High investment rate: 3.885% | 2.79 | $86.0B | 6.8% | 49.3% | 35.0% |
| 2025-11-10 | 13W Bill · reopening | High investment rate: 3.869% | 2.83 | $86.0B | 5.5% | 54.0% | 32.3% |
| 2025-11-03 | 13W Bill · reopening | High investment rate: 3.906% | 2.62 | $86.0B | 5.9% | 43.3% | 42.1% |
| 2025-10-27 | 13W Bill · reopening | High investment rate: 3.818% | 3.07 | $86.0B | 4.8% | 64.6% | 23.2% |
| 2025-10-20 | 13W Bill · reopening | High investment rate: 3.900% | 3.01 | $86.0B | 5.1% | 56.4% | 32.8% |
| 2025-10-14 | 13W Bill · reopening | High investment rate: 3.937% | 2.88 | $86.0B | 5.9% | 60.4% | 28.2% |
| 2025-10-06 | 13W Bill · reopening | High investment rate: 3.942% | 2.91 | $84.0B | 5.6% | 53.3% | 34.1% |
| 2025-09-29 | 13W Bill · reopening | High investment rate: 3.953% | 2.74 | $82.0B | 6.5% | 54.4% | 31.6% |
| 2025-09-22 | 13W Bill · reopening | High investment rate: 3.953% | 3.33 | $82.0B | 6.0% | 69.6% | 18.1% |
| 2025-09-15 | 13W Bill · reopening | High investment rate: 3.999% | 3.11 | $82.0B | 6.2% | 60.7% | 27.5% |
| 2025-09-08 | 13W Bill · reopening | High investment rate: 4.035% | 2.81 | $82.0B | 7.9% | 51.9% | 34.3% |
| 2025-09-02 | 13W Bill · reopening | High investment rate: 4.144% | 2.96 | $82.0B | 6.9% | 61.7% | 26.8% |
| 2025-08-25 | 13W Bill · reopening | High investment rate: 4.201% | 3.07 | $82.0B | 6.6% | 59.8% | 27.0% |
| 2025-08-18 | 13W Bill · reopening | High investment rate: 4.232% | 2.70 | $82.0B | 7.9% | 55.6% | 29.5% |
| 2025-08-11 | 13W Bill · reopening | High investment rate: 4.252% | 2.64 | $82.0B | 5.1% | 52.6% | 33.4% |
| 2025-08-04 | 13W Bill · reopening | High investment rate: 4.268% | 3.17 | $82.0B | 6.6% | 63.7% | 21.9% |
| 2025-07-28 | 13W Bill · reopening | High investment rate: 4.340% | 3.21 | $82.0B | 5.4% | 66.0% | 20.3% |
| 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% |
13-Week Bill history page is not yet available · Official result document