Non-competitive bids for US 3- and 6-month Treasury bills due October 22

what happened

Reuters published results of non-competitive bids for upcoming US Treasury bill auctions with 6-month and 3-month terms. Both securities are scheduled to be issued on October 22, 2026.

For the 6-month bills, the offering totals $82 billion. Non-competitive bids accepted amount to $1.676 billion, tentative tendered totals $2.476 billion, and bids from the Federal Reserve's System Open Market Account reached $5.784 billion. The bills mature on April 22, 2027.

For the 3-month bills, the offering totals $95 billion. Non-competitive bids accepted amount to $1.940 billion, tentative tendered totals $3.755 billion, and SOMA bids reached $6.701 billion. The bills mature on January 21, 2027.

why it matters

Non-competitive bids show demand from smaller buyers who accept the auction clearing rate without setting a price. Fed SOMA bids indicate central bank involvement in short-dated Treasuries, which matters for money market liquidity. Such tables rarely move markets on their own, but they help gauge demand for short-term government debt and expectations for policy rates.

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