26-Week Treasury Bill Auction: Results, Schedule & History
{
"tenor": "26-week-bill",
"date": "2026-08-24",
"offering_usd": 79000000000,
"high_yield": 3.79,
"tail_bps": null,
"bid_to_cover": 3.05,
"indirect_pct": 60.2,
"verdict": "IN LINE"
}The 26-Week Treasury Bill auction on Aug 24, 2026 put $79B on offer and stopped at a high yield of 3.79%, with a bid-to-cover of 3.05 against a 2.94 twelve-month average. Indirects took 60.2%, directs 11.2% and primary dealers 28.6%. Helious graded it IN LINE. Captured live by Helious as the results crossed.
The 26-week (6-month) bill prices the Fed path across the next three to four meetings, making it one of the cleanest policy-expectation gauges outside futures. A stop-out well below the 13-week rate says the market is leaning into cuts; above it, hikes or higher-for-longer.
Results history · recent auctions
| DATE | CUSIP | ISSUE | OFFERED | HIGH YIELD | TAIL | B/C | INDIRECTS | DIRECTS | DEALERS | DESK RECAP |
|---|---|---|---|---|---|---|---|---|---|---|
| 912797WC7 | New | $79B | 3.790% | — | 3.05 | 60.2% | 11.2% | 28.6% | IN LINE → | |
| 912797TV9 | Reopen | $79B | 3.780% | — | 2.97 | 64.9% | 10.5% | 24.6% | IN LINE → | |
| 912797WB9 | New | $79B | 3.830% | — | 2.85 | 54.5% | 8.9% | 36.7% | IN LINE → | |
| 912797VV6 | New | $79B | 3.855% | — | 2.98 | 57.0% | 10.3% | 32.7% | IN LINE → | |
| 912797VU8 | New | $79B | 3.945% | — | 3.12 | 59.7% | 10.6% | 29.6% | IN LINE → | |
| 912797TM9 | Reopen | $79B | 3.835% | — | 2.94 | 58.4% | 11.0% | 30.6% | IN LINE → | |
| 912797VT1 | New | $79B | 3.860% | — | 3.11 | 66.5% | 8.1% | 25.4% | STRONG → | |
| 912797VS3 | New | $79B | 3.830% | — | 3.05 | 59.8% | 9.6% | 30.5% | STRONG → | |
| 912797VJ3 | New | $79B | 3.840% | — | 2.58 | 56.4% | 7.2% | 36.4% | — | |
| 912797TC1 | Reopen | $77B | 3.840% | — | 2.51 | 53.0% | 4.0% | 43.0% | — | |
| 912797VH7 | New | $77B | 3.680% | — | 2.76 | 70.1% | 6.6% | 23.3% | — | |
| 912797VG9 | New | $77B | 3.690% | — | 2.75 | 53.9% | 5.5% | 40.6% | — |
Issue: a reopening re-auctions an existing security (same CUSIP), the norm for coupons outside refunding months; "New" sets a fresh coupon. Offered: the announced offering amount, what the Treasury put up for sale at that auction. Tail: the high yield minus the when-issued yield at the bid deadline, in basis points. Positive means the auction had to concede yield to clear, negative means it stopped through. A dash means no tail exists or none was captured: bills never have one (they price off a discount rate, with no when-issued market), and rows before desk coverage began in July 2026 predate tail capture — the official records publish no when-issued yield at all. Desk recap: the desk's live verdict, posted the moment results cross.
Desk-captured results with full auction-record backfill · download a sample (CSV, recent auctions). The full history comes through the Helious API and MCP at api.helious.io/mcp, with depth set by plan. Read what a tail means · bid-to-cover explained · who indirect bidders are · who direct bidders are.
Announced · upcoming
| AUCTION DATE | CUSIP | AMOUNT |
|---|---|---|
| 912797WD5 | $79B |
The amount fills in when the Treasury announces the offering, usually a few days ahead.