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Friday, September 25, 2026

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Auctions · Friday, September 25, 2026

Treasury sells 4-week bills at 3.850%, 8-week at 3.990%, and 7-year notes at 5.085%

The File desk · Sep. 25, 2026, 6:25 a.m. ET

Confirmed3 primary sources

Status

Confirmed (TreasuryDirect result PDFs, Sept. 24, 2026)
On Thursday, Sept. 24, 2026, the Treasury sold 28-day bills that stopped at a 3.850% high discount rate (3.915% investment rate, CUSIP 912797VN4); 56-day bills that stopped at a 3.990% high discount rate (4.071% investment rate, CUSIP 912797VY0); and 7-year notes that stopped at a 5.085% high yield with a 5% coupon (CUSIP 91282CRM5, Series Q-2033).
On Thursday, Sept. 24, 2026, the Treasury sold 28-day bills, the 4-week slot.
Those bills stopped at a 3.850% high discount rate and a 3.915% investment rate. The CUSIP is 912797VN4. The result sheet lists an issue date of Sept. 29, 2026, and a maturity date of Oct. 27, 2026. The bid-to-cover ratio on the sheet is 2.61.
The 56-day bills, the 8-week slot, stopped at a 3.990% high discount rate and a 4.071% investment rate. The CUSIP is 912797VY0. Issue date Sept. 29, 2026. Maturity date Nov. 24, 2026. Bid-to-cover ratio 2.76.
Seven-year notes stopped at a 5.085% high yield with a 5% coupon and a price of 99.504596. The CUSIP is 91282CRM5, Series Q-2033. Issue date Sept. 30, 2026. Maturity date Sept. 30, 2033. Bid-to-cover ratio 2.42.
The sales run under the .
The department’s usual auction-results web page returned an error to the desk. These figures are from the TreasuryDirect result PDFs for Sept. 24.
How we know

What is still unknown or disputed

  • Secondary-market reaction.

Primary sources

Every claim in this story is drawn from the documents below. If a fetch failed, that is recorded on the card.

  1. Source 1

    Treasury Auction Results — 28-Day Bill (CUSIP 912797VN4)

    U.S. Treasury / TreasuryDirect · September 24, 2026

    Term and Type of Security 28-Day Bill. CUSIP Number 912797VN4. High Rate 3.850%. Investment Rate 3.915%. Issue Date September 29, 2026. Maturity Date October 27, 2026. Bid-to-Cover Ratio 2.61.

    https://www.treasurydirect.gov/instit/annceresult/press/preanre/2026/R_20260924_2.pdf

  2. Source 2

    Treasury Auction Results — 56-Day Bill (CUSIP 912797VY0)

    U.S. Treasury / TreasuryDirect · September 24, 2026

    Term and Type of Security 56-Day Bill. CUSIP Number 912797VY0. High Rate 3.990%. Investment Rate 4.071%. Issue Date September 29, 2026. Maturity Date November 24, 2026. Bid-to-Cover Ratio 2.76.

    https://www.treasurydirect.gov/instit/annceresult/press/preanre/2026/R_20260924_1.pdf

  3. Source 3

    Treasury Auction Results — 7-Year Note (CUSIP 91282CRM5)

    U.S. Treasury / TreasuryDirect · September 24, 2026

    Term and Type of Security 7-Year Note. CUSIP Number 91282CRM5. Series Q-2033. Interest Rate 5%. High Yield 5.085%. Price 99.504596. Issue Date September 30, 2026. Maturity Date September 30, 2033. Bid-to-Cover Ratio 2.42.

    https://www.treasurydirect.gov/instit/annceresult/press/preanre/2026/R_20260924_3.pdf