US Treasury to auction 3- and 6-month bills on October 29

what happened

Reuters published data on non-competitive bids for US Treasury bill auctions with 3-month and 6-month maturities. Both securities are issued on October 29, 2026.

For the 3-month bill (CUSIP 912797VU8, maturing January 28, 2027), the offering totals $95 billion. Non-competitive bids accepted came to $1,909,546,100, and tentative tendered amount, including FIMA, reached $2,409,546,100. About $92,590,453,900 remains for competitive bids. Bids from the Federal Reserve's System Open Market Account totaled $8,452,557,400.

For the 6-month bill (CUSIP 912797WW3, maturing April 29, 2027), the offering is $82 billion. Non-competitive bids accepted amounted to $1,479,039,200, with a tentative tendered total of $1,579,039,200. Roughly $80,420,960,800 is left for competitive bids. SOMA tendered $7,295,891,600.

why it matters

Non-competitive bids come from smaller and mid-sized buyers who accept the average auction yield, so their size signals demand for short government debt with no price risk. SOMA bids show Federal Reserve participation and shape expectations for liquidity in the Treasury market. Results of these issues set reference points for money-market rates and short-dated Treasury yields.

market impact

Short-dated US Treasuries: issuance size and Fed demand affect money-market yields and dollar short-term rates

tags

instruments