--- title: "13-Week Treasury Bill Auction Results: Oct 5, 2026" description: "13-Week Treasury Bill, Oct 5, 2026: 4.05% high yield, 2.51x cover, indirects 48.6%. Full bidder split, tails and 12-month averages, updated as results cross." source: Helious canonical: "https://helious.io/auctions/13-week-bill" --- # 13-Week Treasury Bill Auction: Results, Schedule & History High yield 4.050% Oct 5, 2026 Tail — no when-issued Bid to cover 2.51 12m avg 2.83 Indirects 48.6% 12m avg 56.2% [Ask Helious about the 13-Week Treasury Bill auction](https://helious.io/?ask=How%20did%20the%20last%2013-Week%20Treasury%20Bill%20auction%20go%20and%20what%20does%20the%20tail%20say%3F&from=/auctions/13-week-bill) High yield, last 12 auctions 4.110%3.913%3.715% 2026-07-202026-10-05 Human Agent Last result · Oct 5, 2026 4.05% b/c 2.51 · indirects 48.6% WEAK { "tenor": "13-week-bill", "date": "2026-10-05", "offering_usd": 95000000000, "high_yield": 4.05, "tail_bps": null, "bid_to_cover": 2.51, "indirect_pct": 48.6, "verdict": "WEAK" } The 13-Week Treasury Bill auction on Oct 5, 2026 put $95B on offer and stopped at a high yield of 4.05%. The bid-to-cover was 2.51, against a twelve-month average of 2.83. Indirects took 48.6%, directs 7.2% and primary dealers 44.2%. Helious captured the result live as it crossed and graded it WEAK. The 13-week bill, the 3-month, is the short rate the rest of the world prices off. Its auction rate effectively marks where the market expects the funds rate to average over the coming quarter. It also supplies the 3M leg of the 3M/10Y curve, a classic recession signal. NEXT AUCTION Auctioned weekly: auctioned every monday, settles thursday; results cross ~11:30 ET. LATEST RESULT: OCT 5, 2026 4.05%high yield $95Bon offer 2.51bid-to-cover-0.32 vs avg 48.6%indirects-7.62 vs avg 7.2%directs+0.28 vs avg 44.2%dealer take+7.33 vs avg WEAKdesk verdict [Full desk recap →](https://helious.io/news/auc-912797VS3-2026-10-05/13-week-3-month-bill-auction-weak) 12-MONTH AVERAGES · 39 AUCTIONS 2.83bid-to-cover 56.22%indirects 6.92%directs 36.87%dealer take Read a new result against these numbers. When cover, indirects and directs come in above the average, that is solid investor demand. An above-average [dealer take](https://helious.io/learn/primary-dealers) means the street absorbed the balance. The shares are percentages of *competitive* accepted, so indirects, directs and dealers add up to 100. ## Recent auction results DATECUSIPISSUEOFFEREDHIGH YIELDTAILB/CINDIRECTSDIRECTSDEALERSDESK RECAP Oct 5, 2026Oct 5 ’26 912797VS3 Reopen $95B 4.050% — 2.51 48.6% 7.2% 44.2% [WEAK →](https://helious.io/news/auc-912797VS3-2026-10-05/13-week-3-month-bill-auction-weak) Sep 28, 2026Sep 28 ’26 912797VJ3 Reopen $95B 4.110% — 2.99 66.6% 7.1% 26.3% [STRONG →](https://helious.io/news/auc-912797VJ3-2026-09-28/13-week-3-month-bill-auction-strong) Sep 21, 2026Sep 21 ’26 912797TC1 Reopen $92B 4.015% — 2.77 54.1% 8.3% 37.6% [IN LINE →](https://helious.io/news/auc-912797TC1-2026-09-21/13-week-3-month-bill-auction-in-line) Sep 14, 2026Sep 14 ’26 912797VH7 Reopen $92B 3.970% — 2.64 55.1% 6.8% 38.1% [IN LINE →](https://helious.io/news/auc-912797VH7-2026-09-14/13-week-3-month-bill-auction-in-line) Sep 8, 2026Sep 8 ’26 912797VG9 Reopen $92B 3.800% — 2.61 51.9% 8.1% 40.0% [IN LINE →](https://helious.io/news/auc-912797VG9-2026-09-08/13-week-3-month-bill-auction-in-line) Aug 31, 2026Aug 31 ’26 912797VA2 Reopen $92B 3.770% — 2.77 52.0% 7.5% 40.5% [IN LINE →](https://helious.io/news/auc-912797VA2-2026-08-31/13-week-3-month-bill-auction-in-line) Aug 24, 2026Aug 24 ’26 912797SU2 Reopen $92B 3.715% — 3.08 59.2% 8.0% 32.9% [IN LINE →](https://helious.io/news/auc-912797SU2-2026-08-24/13-week-3-month-bill-auction-in-line) Aug 17, 2026Aug 17 ’26 912797UZ8 Reopen $92B 3.715% — 2.86 53.8% 6.8% 39.4% [IN LINE →](https://helious.io/news/auc-912797UZ8-2026-08-17/13-week-3-month-bill-auction-in-line) Aug 10, 2026Aug 10 ’26 912797UY1 Reopen $92B 3.735% — 2.88 57.2% 6.8% 36.0% [IN LINE →](https://helious.io/news/auc-912797UY1-2026-08-10/13-week-3-month-bill-auction-in-line) Aug 3, 2026Aug 3 ’26 912797UM7 Reopen $92B 3.750% — 2.61 54.1% 6.3% 39.5% [IN LINE →](https://helious.io/news/auc-912797UM7-2026-08-03/13-week-3-month-bill-auction-in-line) Jul 27, 2026Jul 27 ’26 912797SK4 Reopen $92B 3.815% — 3.06 66.9% 5.9% 27.2% [STRONG →](https://helious.io/news/auc-912797SK4-2026-07-27/13-week-3-month-bill-auction-strong) Jul 20, 2026Jul 20 ’26 912797UL9 Reopen $92B 3.730% — 3.00 55.8% 6.8% 37.4% [STRONG →](https://helious.io/news/auc-912797UL9-2026-07-20/13-week-3-month-bill-auction-strong) The **issue** column says which kind of auction it was. A [reopening](https://helious.io/learn/when-issued-yield) re-auctions a security that already exists, under the same CUSIP, and that is the norm for coupons outside refunding months. "New" sets a fresh coupon. **Offered** is the amount the Treasury announced for sale at that auction. The **tail** is the high yield minus the [when-issued](https://helious.io/learn/when-issued-yield) yield at the bid deadline, in basis points. A positive number means the auction had to concede yield to clear, and a negative one means it stopped through. A dash in that column means no tail exists, or none was captured. Bills never have one, because they price off a discount rate and have no when-issued market. Rows before desk coverage began in July 2026 predate tail capture, and the official records publish no when-issued yield at all. The last column, the **desk recap**, is the desk's live verdict, posted the moment results cross. The desk captures each result and backfills the rest from the full auction record · [download a sample (CSV, recent auctions)](https://helious.io/auctions/13-week-bill.csv). The full history comes through the [Helious API](https://helious.io/developers/) and MCP at [api.helious.io/mcp](https://api.helious.io/mcp), with depth set by plan. Read [what a tail means](https://helious.io/learn/auction-tail) · [bid-to-cover explained](https://helious.io/learn/bid-to-cover-ratio) · [who indirect bidders are](https://helious.io/learn/indirect-bidders) · [who direct bidders are](https://helious.io/learn/direct-bidders). [Watch the next auction live →](https://helious.io/)