4-Week Bill reopening · 18 Sept 2025

CUSIP 912797RD1 · results published

Offering
$100.0 B
Total tendered
$271.0 B
Total accepted
$100.3 B
Bid-to-cover
2.71×
High yield
4.040 %
Median yield
Indirect bidders
$56.80 B (60.6 %)
Direct bidders
$6.45 B (6.9 %)
Primary dealers
$30.47 B (32.5 %)
SOMA
$0.28 B
Tail vs when-issued
not computed
Issue date
23 Sept 2025

Provenance

Source record: https://api.fiscaldata.treasury.gov/services/api/fiscal_service/v1/accounting/od/auctions_query?filter=cusip:eq:912797RD1,auction_date:eq:2025-09-18 · results PDF R_20250918_1.pdf

Snapshot 6b6428474d32 fetched Tue 22 Sept 2026, 10:50 am ET from https://api.fiscaldata.treasury.gov/services/api/fiscal_service/v1/accounting/od/auctions_query?filter=auction_date%3Agte%3A2019-01-01&sort=-auction_date&page%5Bsize%5D=10000&page%5Bnumber%5D=1

Previous 4-Week auctions

DateBid-to-coverDealersIndirectsHigh yield
11 Sept 20252.64×31.4 %63.8 %
4 Sept 20252.78×33.2 %60.7 %
28 Aug 20252.68×31.8 %62.4 %
21 Aug 20252.61×32.5 %62.6 %
14 Aug 20252.67×34.3 %61.7 %
7 Aug 20252.82×32.1 %64.5 %
31 Jul 20252.63×29.4 %67.4 %
24 Jul 20252.69×29.1 %68.0 %
17 Jul 20252.91×18.6 %76.7 %
10 Jul 20253.08×20.8 %74.2 %
3 Jul 20253.26×18.6 %78.6 %
26 Jun 20253.06×22.4 %74.9 %
Auction 912797RD1 · The Fiscal Desk