Treasury auctions · cash management bill
What was the rate at the latest cash management Treasury bill auction?
The cash management bill auctioned on sold at a discount rate of 3.605% (investment rate 3.665%), bid-to-cover 4.60.
Discount rate at each cash management bill auction
The linesLatest:
- Discount rate3.605%
- Investment rate3.665%
Bid-to-cover ratio at each cash management bill auction
Who bought each cash management bill auction: shares of the competitive bids accepted
The linesLatest:
- Indirect bidders15.5%
- Direct bidders12.9%
- Primary dealers71.6%
Each point is one auction; pointing at the chart shows its date and figures. The full results are under "The numbers behind the chart".
Select a line to followLatest:
Inspect and compare dates
The latest cash management bill auction beside the one before it and the nearest ones a year, five and ten years earlier.
| Measure | Latest | The auction before | A year earlier |
|---|---|---|---|
| Auction | |||
| Discount rate, % | 3.605 | 3.720 | 4.240 |
| Investment rate, % | 3.665 | 3.773 | 4.307 |
| Bid-to-cover | 4.60 | 4.32 | 4.00 |
| Indirect bidders, % | 15.5 | 0.0 | 21.8 |
| Direct bidders, % | 12.9 | 0.0 | 5.2 |
| Primary dealers, % | 71.6 | 100.0 | 72.9 |
| Sold, $ billion | 25.000 | 0.025 | 25.000 |
Observed .
Right now
The high discount rate of 3.605% on 21 May 2026 was the lowest for a cash management bill since 28 September 2022.
The bid-to-cover ratio of 4.60 was the highest for a cash management bill since 17 August 2023, with 90 auctions in between.
The direct bidders' share of 12.9% was the highest for a cash management bill since 10 December 2024, with 17 auctions in between.
Its own history
Against the previous 24 cash management bill auctions, the bid-to-cover ratio was higher than all 24.
The discount rate was lower than all 24.
Who bought
Primary dealers took the largest share of the competitive bids accepted at the 21 May 2026 auction.
- Indirect bidders 15.5%
- Direct bidders 12.9%
- Primary dealers 71.6%
Size
Treasury offered $25 billion and sold $25 billion on 21 May 2026.
Understanding the cash management bill auction
Where it stands today
The high discount rate was 3.605% at the cash management bill auction of , with a bid-to-cover ratio of 4.60.
What do these figures measure?
The high discount rate is the highest rate Treasury accepted; every winning bidder gets it. The investment rate states the same result as a bond-equivalent yield. The bid-to-cover ratio is bids received divided by the amount sold. Shares are of competitive bids accepted.
Read more
What these figures cannot tell
- Why it sold where it did. Results show what was bid and accepted, not the reasons behind any bid.
- The cost over the bill's life in other terms. The discount rate is Treasury's quoting convention; the investment rate states the same result as a bond-equivalent yield.
- Demand on another day. Bill sizes change week to week, so a bid-to-cover ratio is comparable only with care.
The numbers behind the chart
How does the latest auction compare with earlier ones?Every measure, window by window
- Bid-to-cover ratio: Highest for a cash management bill since 17 August 2023 (90 auctions in between).
- High discount rate: Lowest for a cash management bill since 28 September 2022 (121 auctions in between).
- Direct bidders' share: Highest for a cash management bill since 10 December 2024 (17 auctions in between).
| Measure | This auction | Window | Higher | Lower | Median |
|---|---|---|---|---|---|
| Bid-to-cover ratio | 4.60 | Last 12 auctions | 0 of 12 | 12 of 12 | 2.85 |
| Bid-to-cover ratio | 4.60 | Last 24 auctions | 0 of 24 | 24 of 24 | 2.85 |
| Bid-to-cover ratio | 4.60 | Since 8 April 2008 | 56 of 653 | 595 of 653 | 3.34 |
| Bid-to-cover ratio | 4.60 | All 774 since 10 November 1999 | 62 of 774 | 710 of 774 | 3.28 |
| High discount rate | 3.605 | Last 12 auctions | 12 of 12 | 0 of 12 | 4.255 |
| High discount rate | 3.605 | Last 24 auctions | 24 of 24 | 0 of 24 | 4.268 |
| High discount rate | 3.605 | Since 8 April 2008 | 121 of 653 | 532 of 653 | 0.145 |
| High discount rate | 3.605 | All 933 since 4 March 1980 | 328 of 933 | 605 of 933 | 0.940 |
| Indirect bidders' share | 15.5 | Last 12 auctions | 11 of 12 | 1 of 12 | 52.0 |
| Indirect bidders' share | 15.5 | Last 24 auctions | 22 of 24 | 2 of 24 | 58.2 |
| Indirect bidders' share | 15.5 | All 653 since 8 April 2008 | 571 of 653 | 82 of 653 | 40.4 |
| Direct bidders' share | 12.9 | Last 12 auctions | 0 of 12 | 12 of 12 | 4.5 |
| Direct bidders' share | 12.9 | Last 24 auctions | 1 of 24 | 23 of 24 | 4.7 |
| Direct bidders' share | 12.9 | All 653 since 8 April 2008 | 60 of 653 | 593 of 653 | 5.3 |
| Primary dealers' share | 71.6 | Last 12 auctions | 2 of 12 | 10 of 12 | 44.0 |
| Primary dealers' share | 71.6 | Last 24 auctions | 3 of 24 | 21 of 24 | 38.3 |
| Primary dealers' share | 71.6 | All 653 since 8 April 2008 | 111 of 653 | 542 of 653 | 53.3 |
| High minus median, basis points | 2.0 | Last 12 auctions | 5 of 12 | 3 of 12 | 2.0 |
| High minus median, basis points | 2.0 | Last 24 auctions | 13 of 24 | 5 of 24 | 2.5 |
| High minus median, basis points | 2.0 | Since 8 April 2008 | 172 of 653 | 420 of 653 | 1.0 |
| High minus median, basis points | 2.0 | All 933 since 4 March 1980 | 242 of 933 | 579 of 933 | 1.0 |
The table scrolls sideways; the first column stays in place.
What were the results of every cash management bill auction?Page 1 of 5: 200 auctions, newest first
934 cash management bill auctions with results since 4 March 1980; this page holds 200 of them, newest first.
| Auction | Offered as | Discount rate, % | Investment rate, % | Bid-to-cover | Offered, $ billion | Sold, $ billion | Indirect, % | Direct, % | Dealers, % |
|---|---|---|---|---|---|---|---|---|---|
| 27-Day, reopening | 3.605 | 3.665 | 4.60 | 25.000 | 25.000 | 15.5 | 12.9 | 71.6 | |
| 2-Day | 3.720 | 3.773 | 4.32 | 0.025 | 0.025 | 0.0 | 0.0 | 100.0 | |
| 77-Day, reopening | 4.285 | 4.385 | 2.90 | 60.000 | 60.001 | 60.7 | 4.5 | 34.9 | |
| 77-Day, reopening | 4.250 | 4.349 | 2.46 | 60.000 | 60.001 | 43.0 | 6.5 | 50.5 | |
| 16-Day, reopening | 4.240 | 4.307 | 4.00 | 25.000 | 25.000 | 21.8 | 5.2 | 72.9 | |
| 14-Day, reopening | 4.300 | 4.367 | 2.65 | 50.000 | 50.001 | 36.5 | 6.0 | 57.5 | |
| 14-Day, reopening | 4.250 | 4.316 | 3.43 | 50.000 | 50.001 | 64.8 | 4.1 | 31.1 | |
| 12-Day, reopening | 4.260 | 4.325 | 3.84 | 40.000 | 40.000 | 45.9 | 4.8 | 49.3 | |
| 42-Day, reopening | 4.260 | 4.341 | 2.91 | 85.000 | 85.002 | 58.2 | 3.1 | 38.7 | |
| 42-Day, reopening | 4.250 | 4.330 | 2.80 | 85.000 | 85.001 | 61.9 | 2.7 | 35.3 | |
| 42-Day, reopening | 4.260 | 4.341 | 2.71 | 85.000 | 85.000 | 61.1 | 4.5 | 34.5 | |
| 33-Day, reopening | 4.265 | 4.341 | 2.70 | 65.000 | 65.000 | 45.8 | 5.0 | 49.2 |
Show 188 more rows
| Auction | Offered as | Discount rate, % | Investment rate, % | Bid-to-cover | Offered, $ billion | Sold, $ billion | Indirect, % | Direct, % | Dealers, % |
|---|---|---|---|---|---|---|---|---|---|
| 42-Day, reopening | 4.250 | 4.330 | 2.69 | 85.000 | 85.001 | 65.7 | 3.1 | 31.3 | |
| 42-Day, reopening | 4.240 | 4.320 | 2.92 | 85.000 | 85.001 | 60.0 | 4.4 | 35.6 | |
| 42-Day, reopening | 4.245 | 4.325 | 2.71 | 85.000 | 85.000 | 52.8 | 4.5 | 42.7 | |
| 42-Day, reopening | 4.270 | 4.351 | 2.93 | 75.000 | 75.000 | 72.4 | 3.7 | 23.9 | |
| 42-Day, reopening | 4.280 | 4.361 | 2.68 | 65.000 | 65.001 | 58.2 | 4.0 | 37.8 | |
| 42-Day, reopening | 4.270 | 4.351 | 2.59 | 65.000 | 65.001 | 38.5 | 6.2 | 55.2 | |
| 42-Day, reopening | 4.320 | 4.402 | 2.67 | 70.000 | 70.000 | 46.8 | 13.1 | 40.0 | |
| 4-Day, reopening | 4.390 | 4.453 | 4.58 | 0.025 | 0.025 | 0.0 | 0.0 | 100.0 | |
| 42-Day, reopening | 4.400 | 4.484 | 3.00 | 75.000 | 75.000 | 60.0 | 4.9 | 35.1 | |
| 41-Day, reopening | 4.530 | 4.617 | 2.61 | 80.000 | 80.000 | 60.5 | 6.6 | 32.9 | |
| 30-Day, reopening | 4.550 | 4.631 | 3.65 | 40.000 | 40.001 | 67.9 | 6.0 | 26.1 | |
| 40-Day, reopening | 4.515 | 4.601 | 3.87 | 50.000 | 50.001 | 63.7 | 6.3 | 30.0 | |
| 42-Day, reopening | 4.480 | 4.566 | 2.55 | 80.000 | 80.000 | 48.4 | 6.7 | 44.8 | |
| 42-Day, reopening | 4.555 | 4.643 | 2.51 | 80.000 | 80.000 | 49.4 | 6.8 | 43.8 | |
| 42-Day, reopening | 4.550 | 4.638 | 2.78 | 80.000 | 80.001 | 49.5 | 5.1 | 45.4 | |
| 42-Day, reopening | 4.630 | 4.720 | 2.62 | 80.000 | 80.000 | 56.7 | 4.1 | 39.2 | |
| 42-Day, reopening | 4.650 | 4.740 | 2.69 | 80.000 | 80.000 | 57.9 | 6.2 | 36.0 | |
| 43-Day, reopening | 4.685 | 4.777 | 2.62 | 80.000 | 80.000 | 55.0 | 4.7 | 40.2 | |
| 42-Day, reopening | 4.720 | 4.812 | 2.96 | 80.000 | 80.001 | 59.9 | 5.1 | 35.0 | |
| 42-Day, reopening | 4.750 | 4.843 | 2.64 | 70.000 | 70.001 | 57.1 | 7.8 | 35.0 | |
| 42-Day, reopening | 4.620 | 4.710 | 3.26 | 60.000 | 60.001 | 67.2 | 2.6 | 30.2 | |
| 42-Day, reopening | 4.920 | 5.017 | 2.66 | 60.000 | 60.000 | 46.8 | 7.0 | 46.2 | |
| 42-Day, reopening | 4.980 | 5.079 | 2.97 | 60.000 | 60.000 | 62.4 | 5.7 | 31.9 | |
| 42-Day, reopening | 5.120 | 5.222 | 3.01 | 65.000 | 65.001 | 63.4 | 8.0 | 28.6 | |
| 42-Day, reopening | 5.150 | 5.253 | 2.67 | 75.000 | 75.001 | 57.4 | 7.4 | 35.3 | |
| 16-Day, reopening | 5.260 | 5.346 | 3.10 | 35.000 | 35.000 | 26.8 | 6.8 | 66.4 | |
| 42-Day, reopening | 5.185 | 5.289 | 2.72 | 75.000 | 75.000 | 52.4 | 7.3 | 40.3 | |
| 42-Day, reopening | 5.230 | 5.335 | 2.81 | 75.000 | 75.000 | 54.4 | 3.8 | 41.8 | |
| 42-Day, reopening | 5.270 | 5.376 | 2.76 | 75.000 | 75.001 | 51.2 | 7.1 | 41.6 | |
| 42-Day, reopening | 5.280 | 5.387 | 2.93 | 70.000 | 70.002 | 67.6 | 4.7 | 27.7 | |
| 42-Day, reopening | 5.270 | 5.376 | 2.76 | 70.000 | 70.001 | 43.0 | 6.2 | 50.8 | |
| 42-Day, reopening | 5.265 | 5.371 | 2.92 | 70.000 | 70.001 | 54.1 | 7.1 | 38.8 | |
| 42-Day, reopening | 5.270 | 5.376 | 2.92 | 70.000 | 70.000 | 46.8 | 9.3 | 43.9 | |
| 41-Day, reopening | 5.270 | 5.375 | 3.13 | 65.000 | 65.001 | 57.7 | 5.8 | 36.5 | |
| 42-Day, reopening | 5.250 | 5.356 | 2.87 | 60.000 | 60.000 | 60.9 | 6.9 | 32.2 | |
| 42-Day, reopening | 5.270 | 5.376 | 3.18 | 60.000 | 60.001 | 59.8 | 5.3 | 34.9 | |
| 42-Day, reopening | 5.270 | 5.376 | 3.12 | 60.000 | 60.000 | 49.7 | 7.3 | 42.9 | |
| 42-Day, reopening | 5.275 | 5.381 | 3.08 | 60.000 | 60.001 | 57.8 | 5.3 | 36.9 | |
| 42-Day, reopening | 5.275 | 5.381 | 3.07 | 65.000 | 65.000 | 60.7 | 6.3 | 33.0 | |
| 43-Day, reopening | 5.270 | 5.377 | 3.04 | 75.000 | 75.000 | 61.2 | 5.3 | 33.5 | |
| 42-Day, reopening | 5.280 | 5.387 | 2.81 | 75.000 | 75.001 | 47.9 | 7.4 | 44.6 | |
| 42-Day, reopening | 5.280 | 5.387 | 2.91 | 75.000 | 75.001 | 56.5 | 5.7 | 37.8 | |
| 42-Day, reopening | 5.285 | 5.392 | 3.06 | 65.000 | 65.000 | 56.6 | 6.4 | 37.0 | |
| 42-Day, reopening | 5.285 | 5.392 | 2.83 | 65.000 | 65.002 | 52.1 | 5.7 | 42.2 | |
| 42-Day, reopening | 5.285 | 5.392 | 2.79 | 65.000 | 65.001 | 55.6 | 6.2 | 38.1 | |
| 42-Day, reopening | 5.275 | 5.381 | 2.93 | 65.000 | 65.000 | 50.6 | 5.3 | 44.2 | |
| 42-Day, reopening | 5.280 | 5.387 | 3.12 | 65.000 | 65.000 | 45.2 | 5.2 | 49.6 | |
| 42-Day, reopening | 5.280 | 5.387 | 3.01 | 70.000 | 70.001 | 48.1 | 4.8 | 47.1 | |
| 42-Day, reopening | 5.280 | 5.387 | 2.90 | 75.000 | 75.002 | 51.3 | 5.7 | 43.1 | |
| 42-Day, reopening | 5.285 | 5.392 | 2.80 | 80.000 | 80.001 | 46.8 | 6.5 | 46.7 | |
| 42-Day, reopening | 5.285 | 5.392 | 2.88 | 80.000 | 80.000 | 51.7 | 3.1 | 45.1 | |
| 42-Day, reopening | 5.290 | 5.397 | 2.61 | 80.000 | 80.000 | 53.8 | 3.1 | 43.1 | |
| 42-Day, reopening | 5.280 | 5.401 | 2.78 | 80.000 | 80.002 | 57.9 | 2.6 | 39.5 | |
| 42-Day, reopening | 5.280 | 5.401 | 2.73 | 80.000 | 80.002 | 58.0 | 4.6 | 37.4 | |
| 42-Day, reopening | 5.280 | 5.401 | 2.87 | 80.000 | 80.001 | 54.2 | 4.7 | 41.2 | |
| 42-Day, reopening | 5.280 | 5.401 | 2.70 | 80.000 | 80.001 | 45.8 | 4.2 | 50.0 | |
| 42-Day, reopening | 5.280 | 5.401 | 2.85 | 75.000 | 75.001 | 53.5 | 3.6 | 42.9 | |
| 42-Day, reopening | 5.285 | 5.406 | 2.89 | 70.000 | 70.000 | 60.9 | 5.2 | 33.9 | |
| 42-Day, reopening | 5.280 | 5.401 | 2.93 | 70.000 | 70.001 | 57.4 | 4.7 | 37.9 | |
| 42-Day, reopening | 5.290 | 5.412 | 2.72 | 70.000 | 70.001 | 59.4 | 2.9 | 37.6 | |
| 42-Day, reopening | 5.280 | 5.401 | 2.85 | 70.000 | 70.002 | 56.5 | 6.1 | 37.4 | |
| 42-Day, reopening | 5.270 | 5.391 | 3.02 | 70.000 | 70.001 | 52.5 | 4.4 | 43.2 | |
| 42-Day, reopening | 5.285 | 5.406 | 2.85 | 70.000 | 70.001 | 52.3 | 3.9 | 43.8 | |
| 42-Day, reopening | 5.285 | 5.406 | 3.04 | 70.000 | 70.001 | 53.5 | 4.7 | 41.8 | |
| 42-Day, reopening | 5.285 | 5.406 | 2.92 | 70.000 | 70.001 | 53.6 | 4.5 | 41.9 | |
| 41-Day, reopening | 5.285 | 5.406 | 2.96 | 75.000 | 75.000 | 54.2 | 4.5 | 41.3 | |
| 42-Day, reopening | 5.290 | 5.412 | 2.64 | 75.000 | 75.000 | 59.1 | 3.7 | 37.2 | |
| 42-Day, reopening | 5.290 | 5.412 | 2.84 | 75.000 | 75.001 | 63.4 | 3.0 | 33.6 | |
| 42-Day, reopening | 5.295 | 5.417 | 2.81 | 75.000 | 75.002 | 63.8 | 2.4 | 33.8 | |
| 42-Day, reopening | 5.300 | 5.422 | 3.01 | 75.000 | 75.001 | 65.3 | 3.0 | 31.7 | |
| 42-Day, reopening | 5.325 | 5.448 | 3.12 | 75.000 | 75.002 | 65.3 | 3.0 | 31.7 | |
| 43-Day, reopening | 5.360 | 5.484 | 2.74 | 70.000 | 70.000 | 61.7 | 2.3 | 36.0 | |
| 42-Day, reopening | 5.330 | 5.453 | 2.46 | 65.000 | 65.000 | 29.9 | 7.5 | 62.6 | |
| 42-Day, reopening | 5.290 | 5.412 | 2.89 | 60.000 | 60.000 | 65.6 | 4.0 | 30.4 | |
| 42-Day, reopening | 5.285 | 5.406 | 3.10 | 60.000 | 60.002 | 53.3 | 3.1 | 43.6 | |
| 42-Day, reopening | 5.285 | 5.406 | 3.04 | 60.000 | 60.002 | 60.3 | 2.4 | 37.2 | |
| 42-Day, reopening | 5.285 | 5.406 | 3.04 | 60.000 | 60.001 | 57.1 | 1.8 | 41.1 | |
| 42-Day, reopening | 5.290 | 5.412 | 2.81 | 60.000 | 60.001 | 56.3 | 2.6 | 41.1 | |
| 42-Day, reopening | 5.280 | 5.401 | 3.27 | 60.000 | 60.002 | 60.4 | 2.5 | 37.0 | |
| 7-Day, reopening | 5.220 | 5.312 | 5.34 | 0.025 | 0.025 | 0.0 | 0.0 | 100.0 | |
| 42-Day, reopening | 5.285 | 5.406 | 3.01 | 60.000 | 60.000 | 54.9 | 3.9 | 41.2 | |
| 42-Day, reopening | 5.275 | 5.396 | 2.95 | 55.000 | 55.001 | 44.9 | 5.4 | 49.7 | |
| 42-Day, reopening | 5.280 | 5.401 | 3.24 | 50.000 | 50.001 | 39.2 | 7.2 | 53.6 | |
| 42-Day, reopening | 5.275 | 5.396 | 3.53 | 50.000 | 50.001 | 53.5 | 8.1 | 38.5 | |
| 42-Day, reopening | 5.240 | 5.360 | 3.19 | 50.000 | 50.002 | 52.5 | 5.0 | 42.5 | |
| 42-Day, reopening | 5.210 | 5.329 | 2.81 | 50.000 | 50.001 | 55.8 | 2.2 | 42.0 | |
| 42-Day, reopening | 5.170 | 5.288 | 2.73 | 50.000 | 50.000 | 50.8 | 1.9 | 47.3 | |
| 42-Day, reopening | 5.105 | 5.221 | 2.79 | 50.000 | 50.000 | 51.8 | 2.7 | 45.5 | |
| 42-Day, reopening | 5.070 | 5.185 | 2.77 | 50.000 | 50.000 | 44.9 | 2.0 | 53.0 | |
| 42-Day, reopening | 5.020 | 5.134 | 3.38 | 45.000 | 45.000 | 42.0 | 4.9 | 53.2 | |
| 44-Day, reopening | 5.150 | 5.269 | 3.19 | 50.000 | 50.001 | 66.5 | 0.2 | 33.3 | |
| 1-Day, reopening | 5.060 | 5.145 | 4.11 | 15.000 | 15.000 | 50.9 | 6.0 | 43.1 | |
| 38-Day, reopening | 5.250 | 5.367 | 3.40 | 50.000 | 50.001 | 59.8 | 2.9 | 37.3 | |
| 3-Day | 6.150 | 6.256 | 2.38 | 25.000 | 25.000 | 25.6 | 3.0 | 71.4 | |
| 161-Day, reopening | 5.340 | 5.562 | 2.89 | 50.000 | 50.000 | 65.5 | 2.4 | 32.1 | |
| 21-Day, reopening | 6.200 | 6.326 | 2.21 | 35.000 | 35.000 | 18.9 | 3.4 | 77.7 | |
| 156-Day, reopening | 5.230 | 5.440 | 2.40 | 45.000 | 45.000 | 40.4 | 2.9 | 56.7 | |
| 154-Day, reopening | 5.075 | 5.274 | 2.68 | 45.000 | 45.000 | 49.7 | 1.3 | 49.1 | |
| 149-Day, reopening | 5.040 | 5.233 | 2.33 | 45.000 | 45.000 | 42.4 | 2.1 | 55.5 | |
| 21-Day, reopening | 4.490 | 4.577 | 2.59 | 40.000 | 40.000 | 54.6 | 4.2 | 41.2 | |
| 17-Day, reopening | 4.350 | 4.432 | 2.44 | 45.000 | 45.000 | 53.5 | 2.3 | 44.2 | |
| 17-Day | 4.700 | 4.789 | 2.04 | 45.000 | 45.000 | 22.1 | 2.9 | 75.0 | |
| 7-Day, reopening | 4.050 | 4.121 | 2.39 | 30.000 | 30.000 | 14.6 | 1.8 | 83.6 | |
| 16-Day, reopening | 4.460 | 4.531 | 2.93 | 15.000 | 15.000 | 7.4 | 9.3 | 83.3 | |
| 12-Day, reopening | 4.540 | 4.610 | 3.79 | 25.000 | 25.001 | 26.2 | 3.1 | 70.6 | |
| 44-Day, reopening | 4.525 | 4.613 | 2.85 | 60.000 | 60.001 | 58.6 | 0.8 | 40.5 | |
| 35-Day, reopening | 4.490 | 4.572 | 2.45 | 60.000 | 60.001 | 42.7 | 5.3 | 51.9 | |
| 16-Day, reopening | 3.800 | 3.859 | 2.38 | 40.000 | 40.001 | 15.6 | 4.5 | 79.9 | |
| 119-Day | 3.890 | 3.995 | 3.23 | 33.000 | 33.000 | 64.3 | 1.9 | 33.8 | |
| 119-Day | 3.700 | 3.798 | 3.19 | 30.000 | 30.000 | 60.7 | 2.5 | 36.7 | |
| 119-Day | 3.590 | 3.684 | 3.05 | 30.000 | 30.000 | 50.5 | 1.7 | 47.7 | |
| 119-Day | 3.590 | 3.684 | 3.76 | 30.000 | 30.000 | 60.3 | 0.0 | 39.7 | |
| 119-Day | 3.550 | 3.642 | 3.14 | 30.000 | 30.000 | 47.4 | 3.7 | 48.9 | |
| 119-Day | 3.195 | 3.274 | 3.63 | 30.000 | 30.000 | 56.6 | 2.4 | 41.0 | |
| 119-Day | 3.100 | 3.176 | 3.54 | 30.000 | 30.000 | 40.3 | 2.4 | 57.3 | |
| 119-Day | 2.970 | 3.041 | 3.40 | 30.000 | 30.001 | 51.6 | 4.8 | 43.7 | |
| 21-Day, reopening | 2.200 | 2.233 | 2.45 | 60.000 | 60.001 | 38.0 | 3.8 | 58.1 | |
| 119-Day | 2.890 | 2.958 | 3.06 | 30.000 | 30.000 | 35.1 | 11.0 | 53.9 | |
| 119-Day | 2.780 | 2.845 | 2.82 | 30.000 | 30.000 | 52.0 | 2.1 | 45.9 | |
| 119-Day | 2.730 | 2.793 | 3.35 | 30.000 | 30.000 | 46.4 | 2.4 | 51.1 | |
| 119-Day | 2.690 | 2.752 | 3.69 | 30.000 | 30.000 | 59.3 | 4.0 | 36.6 | |
| 119-Day | 2.720 | 2.783 | 3.87 | 30.000 | 30.000 | 53.1 | 0.6 | 46.2 | |
| 119-Day | 2.600 | 2.659 | 2.95 | 30.000 | 30.000 | 33.2 | 4.6 | 62.3 | |
| 119-Day | 2.230 | 2.278 | 3.40 | 30.000 | 30.000 | 56.4 | 1.7 | 41.9 | |
| 119-Day | 2.185 | 2.231 | 3.72 | 30.000 | 30.000 | 56.3 | 2.7 | 40.9 | |
| 119-Day | 2.060 | 2.103 | 3.00 | 30.000 | 30.000 | 42.5 | 2.6 | 54.9 | |
| 119-Day | 2.090 | 2.134 | 3.20 | 30.000 | 30.000 | 45.1 | 1.7 | 53.3 | |
| 119-Day | 1.510 | 1.539 | 3.14 | 30.000 | 30.000 | 59.7 | 2.1 | 38.2 | |
| 119-Day | 1.390 | 1.416 | 3.09 | 30.000 | 30.000 | 61.6 | 3.3 | 35.2 | |
| 119-Day | 1.280 | 1.303 | 3.21 | 30.000 | 30.000 | 52.9 | 5.5 | 41.6 | |
| 119-Day | 1.250 | 1.273 | 3.05 | 30.000 | 30.000 | 42.1 | 3.3 | 54.5 | |
| 119-Day | 1.160 | 1.181 | 3.29 | 30.000 | 30.001 | 49.2 | 3.8 | 47.0 | |
| 119-Day | 1.225 | 1.247 | 3.31 | 30.000 | 30.000 | 57.1 | 0.9 | 42.0 | |
| 119-Day | 1.110 | 1.130 | 3.56 | 30.000 | 30.000 | 66.5 | 0.0 | 33.5 | |
| 119-Day | 1.070 | 1.089 | 3.82 | 30.000 | 30.000 | 46.9 | 1.8 | 51.3 | |
| 119-Day | 0.965 | 0.982 | 3.59 | 30.000 | 30.000 | 54.6 | 3.5 | 41.9 | |
| 119-Day | 0.910 | 0.925 | 3.70 | 30.000 | 30.000 | 55.7 | 7.5 | 36.8 | |
| 119-Day | 0.805 | 0.818 | 3.15 | 30.000 | 30.000 | 33.7 | 19.3 | 47.0 | |
| 119-Day | 0.710 | 0.722 | 3.65 | 30.000 | 30.000 | 55.3 | 5.7 | 39.0 | |
| 119-Day | 0.665 | 0.676 | 3.68 | 35.000 | 35.000 | 55.8 | 4.1 | 40.1 | |
| 119-Day | 0.550 | 0.559 | 3.45 | 35.000 | 35.000 | 64.3 | 3.4 | 32.3 | |
| 119-Day | 0.535 | 0.543 | 4.20 | 35.000 | 35.000 | 69.0 | 1.2 | 29.8 | |
| 119-Day | 0.570 | 0.579 | 3.16 | 35.000 | 35.000 | 54.4 | 4.7 | 40.8 | |
| 119-Day | 0.550 | 0.559 | 2.99 | 40.000 | 40.001 | 27.9 | 12.2 | 59.9 | |
| 119-Day | 0.430 | 0.437 | 3.17 | 40.000 | 40.001 | 36.7 | 11.6 | 51.7 | |
| 119-Day | 0.340 | 0.345 | 3.21 | 40.000 | 40.001 | 46.5 | 12.3 | 41.1 | |
| 119-Day | 0.280 | 0.284 | 3.20 | 40.000 | 40.000 | 39.7 | 9.3 | 51.0 | |
| 119-Day | 0.275 | 0.279 | 3.08 | 40.000 | 40.001 | 39.1 | 9.5 | 51.5 | |
| 119-Day | 0.200 | 0.203 | 3.02 | 40.000 | 40.000 | 43.1 | 5.7 | 51.3 | |
| 119-Day | 0.150 | 0.152 | 3.06 | 40.000 | 40.001 | 45.7 | 6.1 | 48.2 | |
| 119-Day | 0.125 | 0.127 | 3.35 | 40.000 | 40.001 | 64.8 | 1.8 | 33.4 | |
| 119-Day | 0.110 | 0.112 | 3.44 | 40.000 | 40.000 | 55.0 | 5.3 | 39.7 | |
| 78-Day, reopening | 0.070 | 0.071 | 2.87 | 60.000 | 60.000 | 59.7 | 3.2 | 37.1 | |
| 23-Day, reopening | 0.050 | 0.051 | 2.71 | 60.000 | 60.000 | 38.8 | 5.3 | 56.0 | |
| 119-Day | 0.090 | 0.091 | 2.96 | 35.000 | 35.001 | 50.2 | 3.6 | 46.2 | |
| 119-Day | 0.090 | 0.091 | 3.28 | 35.000 | 35.000 | 55.5 | 6.0 | 38.5 | |
| 8-Day, reopening | 0.160 | 0.162 | 2.55 | 40.000 | 40.000 | 20.3 | 7.7 | 71.9 | |
| 119-Day | 0.075 | 0.076 | 2.97 | 40.000 | 40.001 | 47.1 | 5.0 | 47.9 | |
| 21-Day, reopening | 0.160 | 0.162 | 2.79 | 30.000 | 30.000 | 11.7 | 29.9 | 58.5 | |
| 119-Day | 0.070 | 0.071 | 2.94 | 40.000 | 40.001 | 59.4 | 4.7 | 35.9 | |
| 14-Day, reopening | 0.060 | 0.061 | 2.76 | 60.000 | 60.000 | 59.4 | 5.7 | 35.0 | |
| 35-Day | 0.150 | 0.152 | 3.02 | 40.000 | 40.000 | 36.5 | 24.9 | 38.6 | |
| 22-Day, reopening | 0.130 | 0.132 | 2.65 | 40.000 | 40.000 | 25.6 | 14.1 | 60.4 | |
| 119-Day | 0.055 | 0.056 | 3.11 | 40.000 | 40.001 | 41.8 | 8.5 | 49.7 | |
| 14-Day, reopening | 0.055 | 0.056 | 2.76 | 60.000 | 60.001 | 31.4 | 11.7 | 57.0 | |
| 119-Day | 0.055 | 0.056 | 3.64 | 40.000 | 40.002 | 56.6 | 3.1 | 40.4 | |
| 119-Day | 0.055 | 0.056 | 3.45 | 40.000 | 40.000 | 61.8 | 4.5 | 33.7 | |
| 119-Day | 0.055 | 0.056 | 3.62 | 40.000 | 40.000 | 52.0 | 5.4 | 42.7 | |
| 48-Day | 0.100 | 0.101 | 2.72 | 40.000 | 40.000 | 18.5 | 21.8 | 59.8 | |
| 119-Day | 0.055 | 0.056 | 3.65 | 40.000 | 40.002 | 55.6 | 5.6 | 38.8 | |
| 27-Day, reopening | 0.055 | 0.056 | 3.39 | 60.000 | 60.001 | 46.3 | 11.0 | 42.8 | |
| 40-Day, reopening | 0.055 | 0.056 | 3.11 | 60.000 | 60.004 | 64.4 | 4.2 | 31.4 | |
| 39-Day, reopening | 0.055 | 0.056 | 3.00 | 60.000 | 60.000 | 44.0 | 8.7 | 47.3 | |
| 119-Day | 0.050 | 0.051 | 3.93 | 35.000 | 35.002 | 65.9 | 1.6 | 32.5 | |
| 119-Day | 0.055 | 0.056 | 3.60 | 30.000 | 30.000 | 45.8 | 9.5 | 44.7 | |
| 64-Day, reopening | 0.050 | 0.051 | 3.26 | 40.000 | 40.001 | 43.5 | 8.6 | 47.9 | |
| 8-Day, reopening | 0.140 | 0.142 | 3.00 | 25.000 | 25.000 | 35.2 | 8.0 | 56.8 | |
| 119-Day | 0.050 | 0.051 | 2.92 | 30.000 | 30.000 | 16.4 | 10.7 | 72.9 | |
| 119-Day | 0.035 | 0.035 | 3.37 | 30.000 | 30.001 | 38.6 | 9.9 | 51.5 | |
| 119-Day | 0.045 | 0.046 | 4.35 | 30.000 | 30.001 | 46.1 | 11.6 | 42.3 | |
| 119-Day | 0.045 | 0.046 | 4.38 | 30.000 | 30.002 | 47.9 | 7.6 | 44.5 | |
| 21-Day, reopening | 0.050 | 0.051 | 3.39 | 45.000 | 45.002 | 24.7 | 14.1 | 61.2 | |
| 119-Day | 0.045 | 0.046 | 4.99 | 30.000 | 30.001 | 62.1 | 3.5 | 34.4 | |
| 21-Day, reopening | 0.040 | 0.041 | 2.88 | 45.000 | 45.000 | 22.4 | 12.2 | 65.4 | |
| 119-Day | 0.050 | 0.051 | 3.88 | 30.000 | 30.003 | 46.9 | 6.2 | 47.0 | |
| 67-Day | 0.060 | 0.061 | 2.87 | 40.000 | 40.000 | 33.6 | 8.7 | 57.8 | |
| 119-Day | 0.045 | 0.046 | 3.93 | 30.000 | 30.000 | 49.6 | 6.2 | 44.2 | |
| 57-Day | 0.065 | 0.066 | 2.72 | 50.000 | 50.000 | 54.1 | 4.4 | 41.6 |
The table scrolls sideways; the first column stays in place.
What do the figures leave out, and how are they cited?Limits, dates and how to cite
Observed .
How to cite this
U.S. Treasury, Bureau of the Fiscal Service, Fiscal Data, Treasury Securities Auctions Data, through 21 May 2026. Compiled by 500metrics, "What was the rate at the latest cash management Treasury bill auction?", https://500metrics.com/treasury/auctions/cash-management-bills.
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