Rates & Fed · August 24, 2026 · 2 min read

Treasury’s August 24 Bill Auctions Set 3.803% and 3.918% Investment Rates

Published August 24, 2026 • Updated August 24, 2026

Treasury awarded $92 billion of 13-week bills at a 3.803% high investment rate and $79 billion of 26-week bills at 3.918%, according to the Treasury Fiscal Data auction record.

CONFIRMED FACTS The U.S. Treasury Fiscal Data auction record for August 24, 2026 reports a $92.0 billion offering of 13-week Treasury bills (CUSIP 912797SU2). The record reports a high discount rate of 3.715% and a high investment rate of 3.803%. It reports $280.917 billion in competitive tenders, $89.860 billion in competitive awards, and a 3.08 bid-to-cover ratio. The bills are scheduled to issue on August 27, 2026 and mature on November 27, 2026. The same Treasury record reports a $79.0 billion offering of 26-week Treasury bills (CUSIP 912797WC7). Its reported high discount rate was 3.790% and high investment rate was 3.918%. The record reports $238.680 billion in competitive tenders, $76.888 billion in competitive awards, and a 3.05 bid-to-cover ratio. The bills are scheduled to issue on August 27, 2026 and mature on February 25, 2027. Both records identify the auction format as single-price. The data record identifies the August 24 offerings as Treasury bills and separately reports the high discount rate and high investment rate for each security. ANALYSIS The reported high investment rate was 0.115 percentage point higher for the 26-week bill than for the 13-week bill in these auctions. That is a comparison of the two auction results on the same date, not a forecast of the policy-rate path or a measure of the yield available on an individual investor’s transaction. The bid-to-cover ratios summarize submitted competitive tenders relative to the offering amounts in these two auctions. They provide auction-specific demand context, but do not by themselves establish the reasons for demand, the behavior of all investor types, or future Treasury-market conditions. UNKNOWNS AND LIMITS These are auction results for two specific Treasury bill offerings, not Treasury constant-maturity yields, bank deposit rates, mortgage rates, or consumer borrowing rates. The data do not establish why the reported rates or tender volumes took these values, whether later auctions will be similar, or the direction of inflation, economic growth, or Federal Reserve policy. Auction records can be amended or corrected by Treasury; this brief reflects the primary-source response accessed on August 24, 2026. UPDATE LOG Reviewed August 24, 2026 using the U.S. Treasury Fiscal Data primary auction-results API. The published Data Brief inventory and source records were checked for duplicate slugs, canonical source URLs, and substantive overlap before publication.

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U.S. Treasury Fiscal Data API — Treasury securities auction results, August 24, 2026 — Primary Treasury auction records for the August 24, 2026 13-week and 26-week bill offerings, rates, tenders, awards, bid-to-cover ratios, and scheduled issue and maturity dates.

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