Treasury Auction Results: Week of Dec 15, 2025
Treasury held 8 auctions in the week of Dec 15, 2025 (Dec 15 – Dec 21, 2025): 6 Treasury bills, 1 Treasury bond, 1 TIPS, with total offering amounts of $504 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: 3.640% investment rate on Dec 18 (−3.0 bp vs prior)
- 6-Week bill: 3.691% investment rate on Dec 16 (−2.6 bp vs prior)
- 8-Week bill: 3.655% investment rate on Dec 18 (−2.6 bp vs prior)
- 13-Week bill: 3.642% investment rate on Dec 15 (−9.3 bp vs prior)
- 17-Week bill: 3.632% investment rate on Dec 17 (−7.2 bp vs prior)
- 26-Week bill: 3.607% investment rate on Dec 15 (−9.0 bp vs prior)
Notes, bonds, TIPS and FRNs this week
- 4-Year 10-Month TIPS (reopening): 1.433% high real yield on Dec 18
- 19-Year 11-Month Treasury bond (reopening): 4.798% high yield on Dec 17
All auction results, Dec 15 – Dec 21, 2025
| Auction date | Security | Term | CUSIP | Headline rate | Bid-to-cover | Change vs prior same-term | Source |
|---|---|---|---|---|---|---|---|
| Bill (reopening) | 8-Week | 912797SR9 | 3.655% inv. rate | 3.01 | −2.6 bp vs Dec 11 | results PDF | |
| TIPS (reopening) | 4-Year 10-Month | 91282CPH8 | 1.433% real yield | 2.62 | +25.1 bp vs Oct 23 | results PDF | |
| Bill (reopening) | 4-Week | 912797SG3 | 3.640% inv. rate | 3.28 | −3.0 bp vs Dec 11 | results PDF | |
| Bond (reopening) | 19-Year 11-Month | 912810UQ9 | 4.798% yield | 2.67 | +9.2 bp vs Nov 19 | results PDF | |
| Bill | 17-Week | 912797TJ6 | 3.632% inv. rate | 3.27 | −7.2 bp vs Dec 10 | results PDF | |
| Bill (reopening) | 6-Week | 912797RK5 | 3.691% inv. rate | 2.73 | −2.6 bp vs Dec 9 | results PDF | |
| Bill | 26-Week | 912797TD9 | 3.607% inv. rate | 2.84 | −9.0 bp vs Dec 8 | results PDF | |
| Bill (reopening) | 13-Week | 912797PV3 | 3.642% inv. rate | 2.68 | −9.3 bp vs Dec 8 | 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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