Treasury Auction Results: Week of Dec 22, 2025
Treasury held 11 auctions in the week of Dec 22, 2025 (Dec 22 – Dec 28, 2025): 7 Treasury bills, 3 Treasury notes, 1 Treasury FRN, with total offering amounts of $728 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: 3.630% investment rate on Dec 24 (−1.0 bp vs prior)
- 6-Week bill: 3.645% investment rate on Dec 23 (−4.6 bp vs prior)
- 8-Week bill: 3.655% investment rate on Dec 24 (0.0 bp vs prior)
- 13-Week bill: 3.642% investment rate on Dec 22 (0.0 bp vs prior)
- 17-Week bill: 3.647% investment rate on Dec 24 (+1.5 bp vs prior)
- 26-Week bill: 3.596% investment rate on Dec 22 (−1.1 bp vs prior)
- 52-Week bill: 3.517% investment rate on Dec 23 (−8.6 bp vs prior)
Notes, bonds, TIPS and FRNs this week
- 7-Year Treasury note: 3.930% high yield on Dec 24
- 5-Year Treasury note: 3.747% high yield on Dec 23
- 1-Year 10-Month Treasury FRN (reopening): 0.139% high discount margin on Dec 23
- 2-Year Treasury note: 3.499% high yield on Dec 22
All auction results, Dec 22 – Dec 28, 2025
| Auction date | Security | Term | CUSIP | Headline rate | Bid-to-cover | Change vs prior same-term | Source |
|---|---|---|---|---|---|---|---|
| Bill (reopening) | 8-Week | 912797SS7 | 3.655% inv. rate | 2.92 | 0.0 bp vs Dec 18 | results PDF | |
| Note | 7-Year | 91282CPQ8 | 3.930% yield | 2.51 | +14.9 bp vs Nov 26 | results PDF | |
| Bill (reopening) | 4-Week | 912797SH1 | 3.630% inv. rate | 3.14 | −1.0 bp vs Dec 18 | results PDF | |
| Bill | 17-Week | 912797TK3 | 3.647% inv. rate | 2.95 | +1.5 bp vs Dec 17 | results PDF | |
| Bill (reopening) | 6-Week | 912797RL3 | 3.645% inv. rate | 2.87 | −4.6 bp vs Dec 16 | results PDF | |
| Bill | 52-Week | 912797TC1 | 3.517% inv. rate | 3.74 | −8.6 bp vs Nov 25 | results PDF | |
| Note | 5-Year | 91282CPR6 | 3.747% yield | 2.35 | +18.5 bp vs Nov 25 | results PDF | |
| FRN (reopening) | 1-Year 10-Month | 91282CPG0 | 0.139% margin | 3.75 | −2.9 bp vs Nov 25 | results PDF | |
| Bill | 26-Week | 912797TE7 | 3.596% inv. rate | 3.18 | −1.1 bp vs Dec 15 | results PDF | |
| Note | 2-Year | 91282CPS4 | 3.499% yield | 2.54 | +1.0 bp vs Nov 24 | results PDF | |
| Bill (reopening) | 13-Week | 912797SC2 | 3.642% inv. rate | 2.86 | 0.0 bp vs Dec 15 | 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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