US Treasury auctions

What Treasury has announced, what has been sold and not yet settled, and where every term last cleared. Read October 14, 2026, from Treasury's own announcements and results.

Auctioned, not yet settled

TermSecurityAuctionedSettlesOfferingCleared at
Note 3-YearNew 3-Year · 91282CRQ6Oct 6, 2026Oct 15, 2026$58B4.932% yield
Note 10-Yearreopening4.625% Aug 15, 2036Oct 7, 2026Oct 15, 2026$39B5.300% yield
Bond 30-Yearreopening5.125% Aug 15, 2056Oct 8, 2026Oct 15, 2026$22B5.618% yield
Bill 6-WeekreopeningBill due Nov 27, 2026Oct 13, 2026Oct 15, 2026$95B3.980% discount4.055% investment
Bill 26-WeekreopeningBill due Apr 15, 2027Oct 13, 2026Oct 15, 2026$82B4.200% discount4.351% investment
Bill 13-WeekreopeningBill due Jan 14, 2027Oct 13, 2026Oct 15, 2026$95B4.085% discount4.185% investment

Strong or weak, by security

ranked against 24 months of the same term

Each auction ranked against 24 months of auctions for that same security. On every row 100 is strong demand, including dealer takedown and high less median, where a lower figure is the stronger one.

Bill 26-Weekstrong

auctioned Oct 13, 2026 · against 104 prior

Bid to cover2.7617th pctile
Indirect share66.3%68th pctile
Dealer takedown23.2%79th pctile
High less median2.5 bp62nd pctile
Bill 13-Weekaverage

auctioned Oct 13, 2026 · against 104 prior

Bid to cover2.6820th pctile
Indirect share59.6%54th pctile
Dealer takedown33.2%60th pctile
High less median2.5 bp62nd pctile
Bill 6-Weekaverage

auctioned Oct 13, 2026 · against 86 prior

Bid to cover2.587th pctile
Indirect share65.2%80th pctile
Dealer takedown31.7%78th pctile
High less median3.5 bp23rd pctile
Bill 4-Weekweak

auctioned Oct 8, 2026 · against 103 prior

Bid to cover2.400th pctile
Indirect share57.3%13th pctile
Dealer takedown36.6%15th pctile
High less median7.0 bp14th pctile
Bill 8-Weekstrong

auctioned Oct 8, 2026 · against 103 prior

Bid to cover2.7733rd pctile
Indirect share70.3%93rd pctile
Dealer takedown23.4%98th pctile
High less median2.5 bp59th pctile
Bond 30-Yearstrong

auctioned Oct 8, 2026 · against 23 prior

Bid to cover2.5487th pctile
Indirect share72.3%91st pctile
Dealer takedown6.8%91st pctile
High less median5.1 bp65th pctile
Bill 17-Weekstrong

auctioned Oct 7, 2026 · against 103 prior

Bid to cover3.1056th pctile
Indirect share59.7%46th pctile
Dealer takedown30.2%76th pctile
High less median1.5 bp69th pctile
Note 10-Yearstrong

auctioned Oct 7, 2026 · against 23 prior

Bid to cover2.77100th pctile
Indirect share80.3%87th pctile
Dealer takedown2.5%100th pctile
High less median4.5 bp87th pctile
Note 3-Yearweak

auctioned Oct 6, 2026 · against 23 prior

Bid to cover2.6252nd pctile
Indirect share57.6%17th pctile
Dealer takedown10.7%74th pctile
High less median5.2 bp30th pctile
Bill 52-Weekstrong

auctioned Sep 29, 2026 · against 25 prior

Bid to cover3.0724th pctile
Indirect share70.9%76th pctile
Dealer takedown24.6%80th pctile
High less median1.5 bp84th pctile
Note 7-Yearweak

auctioned Sep 24, 2026 · against 24 prior

Bid to cover2.428th pctile
Indirect share57.2%8th pctile
Dealer takedown12.5%25th pctile
High less median6.6 bp8th pctile
Note 5-Yearweak

auctioned Sep 23, 2026 · against 23 prior

Bid to cover2.210th pctile
Indirect share54.3%0th pctile
Dealer takedown15.8%0th pctile
High less median8.3 bp0th pctile
FRN 2-Yearweak

auctioned Sep 23, 2026 · against 23 prior

Bid to cover2.630th pctile
Indirect share59.1%17th pctile
Dealer takedown40.9%17th pctile
High less mediannot published—
Note 2-Yearaverage

auctioned Sep 22, 2026 · against 22 prior

Bid to cover2.6355th pctile
Indirect share57.8%50th pctile
Dealer takedown13.2%18th pctile
High less median4.9 bp68th pctile
TIPS 10-Yearweak

auctioned Sep 17, 2026 · against 11 prior

Bid to cover2.249th pctile
Indirect share59.1%9th pctile
Dealer takedown12.2%36th pctile
High less median7.6 bp27th pctile
Bond 20-Yearweak

auctioned Sep 15, 2026 · against 23 prior

Bid to cover2.5739th pctile
Indirect share52.5%0th pctile
Dealer takedown16.9%26th pctile
High less median6.0 bp26th pctile

No reading for TIPS 30-Year (3 prior, needs 8), TIPS 5-Year (7 prior, needs 8), Bill 27-Day (0 prior, needs 8), Bill 77-Day (1 prior, needs 8), Bill 16-Day (0 prior, needs 8), Bill 14-Day (1 prior, needs 8), Bill 12-Day (0 prior, needs 8), Bill 42-Day (last auctioned 610 days ago), Bill 33-Day (0 prior, needs 8), Bill 4-Day (0 prior, needs 8), Bill 41-Day (0 prior, needs 8), Bill 30-Day (0 prior, needs 8), Bill 40-Day (0 prior, needs 8), Bill 43-Day (0 prior, needs 8). A series that stops, like a cash management bill, is reported rather than quietly left out.

The label counts how many measures land in the top or bottom third rather than averaging them, so an auction that covered well but was left with the dealers reads average and you can see the halves disagree. A rank is not a verdict: "strong" against nine prior auctions is a weaker claim than against fifty, which is why the count sits beside each security.

Latest result, by term

19 terms

TermAuctionedOfferingCleared atPriceHigh less medianAllotted at highBid to coverDealersIndirectDirectNoncompetitive
Bill 6-WeekBill due Nov 27, 2026912797SU2Oct 13, 2026$95B3.980% discount4.055% investment99.5253.5 bp81.3%2.58−0.35 · 6 prior31.7%+2.1 pt · 6 prior65.2%3.2%$1B
Bill 26-WeekBill due Apr 15, 2027912797UE5Oct 13, 2026$82B4.200% discount4.351% investment97.8772.5 bp78.2%2.76+0.04 · 6 prior23.2%−9.0 pt · 6 prior66.3%10.5%$2B
Bill 13-WeekBill due Jan 14, 2027912797VT1Oct 13, 2026$95B4.085% discount4.185% investment98.9672.5 bp36.7%2.68−0.03 · 6 prior33.2%−4.6 pt · 6 prior59.6%7.2%$2B
Bill 4-WeekBill due Nov 10, 2026912797VW4Oct 8, 2026$110B3.980% discount4.048% investment99.6907.0 bp50.0%2.40−0.43 · 6 prior36.6%+4.3 pt · 6 prior57.3%6.1%$6B
Bill 8-WeekBill due Dec 8, 2026912797WE3Oct 8, 2026$105B3.980% discount4.060% investment99.3812.5 bp8.9%2.77−0.07 · 6 prior23.4%−9.3 pt · 6 prior70.3%6.3%$1B
Bond 30-Year5.125% Aug 15, 2056912810UW6Oct 8, 2026$22B5.618% yield92.8895.1 bp26.8%2.54+0.13 · 6 prior6.8%−3.5 pt · 6 prior72.3%20.9%$0B
Bill 17-WeekBill · 912797WY9912797WY9Oct 7, 2026$75B4.105% discount4.219% investment98.6431.5 bp43.0%3.10+0.26 · 6 prior30.2%−9.1 pt · 6 prior59.7%10.1%$1B
Note 10-Year4.625% Aug 15, 203691282CRF0Oct 7, 2026$39B5.300% yield94.8644.5 bp57.6%2.77+0.23 · 6 prior2.5%−6.3 pt · 6 prior80.3%17.1%$0B
Note 3-YearNew 3-Year · 91282CRQ691282CRQ6Oct 6, 2026$58B4.932% yield99.8435.2 bp8.3%2.62−0.03 · 6 prior10.7%−1.9 pt · 6 prior57.6%31.7%$1B
Bill 52-WeekBill due Sep 30, 2027912797WJ2Sep 29, 2026$54B4.400% discount4.616% investment95.5511.5 bp70.2%3.07−0.32 · 6 prior24.6%−5.4 pt · 6 prior70.9%4.6%$1B
Note 7-Year5% Sep 30, 203391282CRM5Sep 24, 2026$44B5.085% yield99.5056.6 bp91.1%2.42−0.07 · 6 prior12.5%+0.5 pt · 6 prior57.2%30.3%$1B
FRN 2-Year2-Year, due Jul 31, 202891282CRD5Sep 23, 2026$28B4.0 bp discount margin100.015—42.1%2.63−0.59 · 6 prior40.9%+5.3 pt · 6 prior59.1%0.0%$0B
Note 5-Year5% Sep 30, 203191282CRN3Sep 23, 2026$70B5.033% yield99.8568.3 bp30.3%2.21−0.12 · 6 prior15.8%+2.8 pt · 6 prior54.3%29.9%$0B
Note 2-Year4.75% Sep 30, 202891282CRP8Sep 22, 2026$69B4.787% yield99.9304.9 bp33.4%2.63+0.02 · 6 prior13.2%+0.1 pt · 6 prior57.8%29.0%$1B
TIPS 10-Year2.375% Jul 15, 203691282CRE3Sep 17, 2026$19B2.653% real yield97.5987.6 bp93.1%2.24−0.14 · 6 prior12.2%−0.0 pt · 6 prior59.1%28.7%$0B
Bond 20-Year5.125% Aug 15, 2046912810UX4Sep 15, 2026$13B5.420% yield96.4246.0 bp30.1%2.57−0.08 · 6 prior16.9%+6.2 pt · 6 prior52.5%30.7%$0B
TIPS 30-Year2.375% Feb 15, 2056912810US5Aug 20, 2026$8B2.973% real yield91.0154.8 bp67.8%2.82+0.07 · 1 prior2.1%−0.4 pt · 1 prior84.4%13.4%$0B
TIPS 5-Year1.25% Apr 15, 203191282CQP9Jun 18, 2026$24B1.955% real yield98.8545.0 bp36.1%2.61+0.04 · 3 prior3.4%−5.7 pt · 3 prior68.6%28.0%$0B
Bill 27-DayBill due Jun 18, 2026912797TD9May 21, 2026$25B3.605% discount3.665% investment99.7302.0 bp12.8%4.6071.6%15.5%12.9%$0B

Changes are against the mean of up to six prior auctions of the same term, not against the previous one, and the number actually averaged is shown beside each, since "up to" is doing real work and a newly introduced term has fewer and a delta over two priors is a weaker claim than one over six while looking identical. The rate is the highest accepted and its basis is named in each cell: bills clear on a discount rate, shown with the coupon-equivalent investment rate beside it; inflation-indexed notes on a real yield; floaters on a discount margin in basis points; fixed-rate notes and bonds on a nominal yield. These are not one series and must not be compared as one.

Dealers, indirect and direct are shares of the competitive award and sum to 100%. Noncompetitive tenders are filled in full at the clearing rate and sit outside that award, so they are shown in dollars rather than as a fourth share. The Fed's own rollovers (SOMA) are excluded from bid to cover on both sides, from the bids and from the amount awarded, so they are not part of these figures either. Price is the price at the highest accepted rate, which for a reopening is above or below par rather than at it. Allotted at high is the share of bids at the clearing rate that were filled.

Index levels before September 30, 2026 are back-tested. They were computed after the fact by applying the rules to historical data, which benefits from hindsight in the choice of rules, and an index cannot be invested in directly. Methodology v1.0 takes effect at that rebalance, when levels begin to be struck on the day; the rulebook is identical either way, and the version is published on every row.

A fitted curve is a fit, not a quote. Daily error averages 3.8 basis points across the history and reaches about 20 on the worst days, in December 2008, when the market was genuinely hard to fit one smooth curve to. Every curve page publishes its own fit error rather than burying it.

Free to benchmark against. Paid only to track. Measuring anything against these curves and indices is free. No license, no fee, no registration, and no permission needed to say that you did, including in a prospectus. A fee applies to one thing: launching a product that tracks an index.

Safe Rate™, Safe Rate Indices™ and the Safe Rate US Treasury Index™ are trademarks of Safe Rate, claimed through use in commerce and not registered. Third-party marks are the property of their owners, which are not affiliated with and do not endorse this data.

Curves are fitted from public Treasury data and carry fit error; figures are not a record of trading, and an index cannot be invested in directly. No claim of compliance with the IOSCO Principles for Financial Benchmarks is made or implied. Not investment advice, not an offer, and not a recommendation to buy or sell any security.