Treasury Auction Results: Week of Oct 20, 2025
Treasury held 8 auctions in the week of Oct 20, 2025 (Oct 20 – Oct 26, 2025): 6 Treasury bills, 1 Treasury bond, 1 TIPS, with total offering amounts of $571 billion.
U.S. Treasury securities: not FDIC-insured · not bank deposits · market value can change before maturity
Treasury bill rates this week
- 4-Week bill: 4.012% investment rate on Oct 23 (−8.7 bp vs prior)
- 6-Week bill: 4.013% investment rate on Oct 21
- 8-Week bill: 3.978% investment rate on Oct 23 (−6.2 bp vs prior)
- 13-Week bill: 3.900% investment rate on Oct 20
- 17-Week bill: 3.834% investment rate on Oct 22
- 26-Week bill: 3.781% investment rate on Oct 20
Notes, bonds, TIPS and FRNs this week
- 5-Year TIPS: 1.182% high real yield on Oct 23
- 19-Year 10-Month Treasury bond (reopening): 4.506% high yield on Oct 22
All auction results, Oct 20 – Oct 26, 2025
| Auction date | Security | Term | CUSIP | Headline rate | Bid-to-cover | Change vs prior same-term | Source |
|---|---|---|---|---|---|---|---|
| Bill (reopening) | 8-Week | 912797RY5 | 3.978% inv. rate | 2.77 | −6.2 bp vs Oct 16 | results PDF | |
| TIPS | 5-Year | 91282CPH8 | 1.182% real yield | 2.51 | — | results PDF | |
| Bill (reopening) | 4-Week | 912797RQ2 | 4.012% inv. rate | 2.73 | −8.7 bp vs Oct 16 | results PDF | |
| Bond (reopening) | 19-Year 10-Month | 912810UN6 | 4.506% yield | 2.73 | — | results PDF | |
| Bill | 17-Week | 912797SS7 | 3.834% inv. rate | 3.27 | — | results PDF | |
| Bill (reopening) | 6-Week | 912797QS9 | 4.013% inv. rate | 2.93 | — | results PDF | |
| Bill | 26-Week | 912797SM0 | 3.781% inv. rate | 3.02 | — | results PDF | |
| Bill (reopening) | 13-Week | 912797PD3 | 3.900% inv. rate | 3.01 | — | results PDF |
Source: U.S. Treasury Fiscal Data API, Treasury Securities Auctions Data, retrieved 2026-10-16 23:44 CDT; each row links to the official TreasuryDirect results PDF. Bills: investment rate (bond-equivalent) and discount rate. Notes/bonds: high yield and coupon. TIPS: high real yield (before inflation adjustment). FRNs: high discount margin. bp = basis points (0.01 percentage point). Change compares the headline rate with the prior auction of the same security type and term.
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