US Treasury sells 4-week bills with top rate at 3.945%
The US 4-week bill auction drew bids covering the offering 2.82 times, according to Reuters data on the results.
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what happened
The US Treasury Department held a Dutch-style auction of 4-week bills, Reuters reported. The highest accepted rate was 3.945%, the median 3.920% and the lowest 3.850%.
The Treasury accepted $110.0 billion in bids against $310.1 billion tendered, a bid-to-cover ratio of 2.82. The bills are issued on October 27, 2026 and mature on November 24, 2026.
why it matters
The yield on short-term Treasury debt is a benchmark for money-market rates, so traders watch auction outcomes closely. In a Dutch auction, winning bidders pay the price of the lowest accepted bid, and the strong demand shown here reflects appetite for short US government paper.
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sources
- U.S. 4-week bills high rate 3.945% — Reuters, 22 October 2026 at 15:31 UTC
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