U.S. 26-Week Treasury Bill Auction
Published:
U.S. Treasury 26-week bill auction — high discount rate
Full explanation
The U.S. 26-Week Treasury Bill Auction is the weekly U.S. Treasury sale of 26-week (about six-month) bills. Bills are short-term discount securities that pay no coupon. The calendar figure is the auction's high discount rate, in percent. This explanation applies only to the United States and is not a coupon-bearing note or bond.
Why traders watch it
A read on short-term U.S. funding costs and on expected Federal Reserve policy over the next six months.
Stronger vs weaker outcomes
A higher rate than the previous auction points to higher expected short-term rates; a lower rate points the other way.
Typical volatility
Low. Each week is a new bill. Calendar feeds occasionally carry wrong values; check against Treasury's published result.
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