Reopening
26-Week Treasury Bill auction result for July 20, 2026
The 26-Week Treasury Bill reopening held on July 20, 2026 recorded an official high rate of 3.965% and a bid-to-cover ratio of 2.94. Bid-to-cover decreased from 3.11 at the preceding comparable auction.
High investment rate
3.965%
Bid-to-cover
2.94
Direct bidders
10.1%
Primary dealers
28.0%
Comparable historical context
| Auction date | Series | Result | Bid-to-cover | Offering | Direct | Indirect | Dealers |
|---|---|---|---|---|---|---|---|
| 2026-07-20 | 26W Bill · reopening | High investment rate: 3.965% | 2.94 | $79.0B | 10.1% | 53.4% | 28.0% |
| 2026-07-13 | 26W Bill | High investment rate: 3.992% | 3.11 | $79.0B | 7.5% | 61.6% | 23.5% |
| 2026-07-06 | 26W Bill | High investment rate: 3.960% | 3.05 | $79.0B | 8.8% | 55.0% | 28.1% |
| 2026-06-29 | 26W Bill | High investment rate: 3.970% | 2.58 | $79.0B | 6.5% | 51.3% | 33.1% |
| 2026-06-22 | 26W Bill · reopening | High investment rate: 3.970% | 2.51 | $77.0B | 3.6% | 48.7% | 39.5% |
| 2026-06-15 | 26W Bill | High investment rate: 3.802% | 2.76 | $77.0B | 5.9% | 63.0% | 21.0% |
| 2026-06-08 | 26W Bill | High investment rate: 3.812% | 2.75 | $77.0B | 5.1% | 49.6% | 37.3% |
26-Week Bill history page is not yet available · Official result document