On Monday, September 21, 2026, the U.S. Department of the Treasury executed its scheduled short-term debt auctions, selling a combined $171 billion in bills.
The primary market actions for the day focused on the following offerings:
- 13-Week (3-Month) Bills: The Treasury offered $92 billion in 13-week short-term paper.
- 26-Week (6-Month) Bills: The Treasury auctioned $79 billion in 26-week paper. The 6-Month auction concluded with a winning yield of 4.060%, matching the previous week's auction rate.
Both issuances are set to settle later this week on Thursday, September 24, 2026.
📅 Upcoming Coupon Supply This Week
The broader market is keeping a close watch on supply dynamics as the Treasury prepares to transition from short-term bills to intermediate notes later this week:
- Tuesday, September 22: $69 Billion 2-Year Note Auction.
- Wednesday, September 23: $70 Billion 5-Year Note Auction.
This massive influx of government supply comes at a critical time, with the benchmark 10-year Treasury yield trading near 4.96% as fixed-income investors weigh falling oil prices against upcoming inflation metrics.
Comment below:
Would you like a deeper look at the bid-to-cover ratios for today's bill auctions to gauge underlying institutional demand, or the yield forecasts heading into tomorrow's 2-year note sale?
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