Reopening
13-Week Treasury Bill auction result for July 20, 2026
The 13-Week Treasury Bill reopening held on July 20, 2026 recorded an official high rate of 3.818% and a bid-to-cover ratio of 3.00. Bid-to-cover increased from 2.84 at the preceding comparable auction.
High investment rate
3.818%
Bid-to-cover
3.00
Direct bidders
6.2%
Primary dealers
34.1%
Comparable historical context
| Auction date | Series | Result | Bid-to-cover | Offering | Direct | Indirect | Dealers |
|---|---|---|---|---|---|---|---|
| 2026-07-20 | 13W Bill · reopening | High investment rate: 3.818% | 3.00 | $92.0B | 6.2% | 50.9% | 34.1% |
| 2026-07-13 | 13W Bill · reopening | High investment rate: 3.849% | 2.84 | $92.0B | 7.6% | 52.6% | 32.4% |
| 2026-07-06 | 13W Bill · reopening | High investment rate: 3.823% | 2.58 | $92.0B | 7.1% | 44.4% | 40.0% |
| 2026-06-29 | 13W Bill · reopening | High investment rate: 3.828% | 2.32 | $92.0B | 6.4% | 37.0% | 47.0% |
| 2026-06-22 | 13W Bill · reopening | High investment rate: 3.782% | 2.68 | $89.0B | 4.5% | 54.8% | 32.4% |
| 2026-06-15 | 13W Bill · reopening | High investment rate: 3.725% | 2.47 | $89.0B | 4.3% | 44.9% | 41.0% |
| 2026-06-08 | 13W Bill · reopening | High investment rate: 3.725% | 2.79 | $89.0B | 5.4% | 51.7% | 34.9% |
13-Week Bill history page is not yet available · Official result document