--- title: "8-Week Treasury Bill Auction Results: Oct 1, 2026" description: "8-Week Treasury Bill, Oct 1, 2026: 3.99% high yield, 2.7x cover, indirects 56.8%. Full bidder split, tails and 12-month averages, updated as results cross." source: Helious canonical: "https://helious.io/auctions/8-week-bill" --- # 8-Week Treasury Bill Auction: Results, Schedule & History High yield 3.990% Oct 1, 2026 Tail — no when-issued Bid to cover 2.70 12m avg 2.88 Indirects 56.8% 12m avg 61.4% [Ask Helious about the 8-Week Treasury Bill auction](https://helious.io/?ask=How%20did%20the%20last%208-Week%20Treasury%20Bill%20auction%20go%20and%20what%20does%20the%20tail%20say%3F&from=/auctions/8-week-bill) High yield, last 12 auctions 3.990%3.820%3.650% 2026-07-162026-10-01 Human Agent Last result · Oct 1, 2026 3.99% b/c 2.7 · indirects 56.8% IN LINE { "tenor": "8-week-bill", "date": "2026-10-01", "offering_usd": 95000000000, "high_yield": 3.99, "tail_bps": null, "bid_to_cover": 2.7, "indirect_pct": 56.8, "verdict": "IN LINE" } The 8-Week Treasury Bill auction on Oct 1, 2026 put $95B on offer and stopped at a high yield of 3.99%. The bid-to-cover was 2.7, against a twelve-month average of 2.88. Indirects took 56.8%, directs 7.1% and primary dealers 36.1%. Helious captured the result live as it crossed and graded it IN LINE. The 8-week bill reaches just far enough out on the cash curve to start pricing the next FOMC meeting, so traders read it against the 4-week. The spread between the two is where the near-term odds of a cut or a hike show up. When Treasury ramps up issuance and the bidding comes in thin, that is the market saying it cannot digest the extra bills. NEXT AUCTION Auctioned weekly: auctioned every tuesday, settles thursday; results cross ~11:30 ET. LATEST RESULT: OCT 1, 2026 3.99%high yield $95Bon offer 2.7bid-to-cover-0.18 vs avg 56.8%indirects-4.58 vs avg 7.1%directs+2.71 vs avg 36.1%dealer take+1.87 vs avg IN LINEdesk verdict [Full desk recap →](https://helious.io/news/auc-912797VZ7-2026-10-01/8-week-2-month-bill-auction-in-line) 12-MONTH AVERAGES · 39 AUCTIONS 2.88bid-to-cover 61.38%indirects 4.39%directs 34.23%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 1, 2026Oct 1 ’26 912797VZ7 Reopen $95B 3.990% — 2.70 56.8% 7.1% 36.1% [IN LINE →](https://helious.io/news/auc-912797VZ7-2026-10-01/8-week-2-month-bill-auction-in-line) Sep 24, 2026Sep 24 ’26 912797VY0 Reopen $85B 3.990% — 2.76 58.8% 6.0% 35.2% [IN LINE →](https://helious.io/news/auc-912797VY0-2026-09-24/8-week-2-month-bill-auction-in-line) Sep 17, 2026Sep 17 ’26 912797VX2 Reopen $85B 3.920% — 2.94 62.4% 4.8% 32.8% [IN LINE →](https://helious.io/news/auc-912797VX2-2026-09-17/8-week-2-month-bill-auction-in-line) Sep 10, 2026Sep 10 ’26 912797VW4 Reopen $85B 3.845% — 2.82 66.3% 6.0% 27.7% [IN LINE →](https://helious.io/news/auc-912797VW4-2026-09-10/8-week-2-month-bill-auction-in-line) Sep 3, 2026Sep 3 ’26 912797VP9 Reopen $85B 3.750% — 3.02 70.2% 4.6% 25.2% [STRONG →](https://helious.io/news/auc-912797VP9-2026-09-03/8-week-2-month-bill-auction-strong) Aug 27, 2026Aug 27 ’26 912797VN4 Reopen $90B 3.670% — 2.77 57.3% 3.4% 39.3% [IN LINE →](https://helious.io/news/auc-912797VN4-2026-08-27/8-week-2-month-bill-auction-in-line) Aug 20, 2026Aug 20 ’26 912797VM6 Reopen $100B 3.655% — 3.06 66.7% 2.7% 30.7% [STRONG →](https://helious.io/news/auc-912797VM6-2026-08-20/8-week-2-month-bill-auction-strong) Aug 13, 2026Aug 13 ’26 912797VL8 Reopen $100B 3.665% — 2.85 56.5% 6.1% 37.4% [IN LINE →](https://helious.io/news/auc-912797VL8-2026-08-13/8-week-2-month-bill-auction-in-line) Aug 6, 2026Aug 6 ’26 912797VK0 Reopen $100B 3.710% — 2.74 54.4% 6.3% 39.3% [IN LINE →](https://helious.io/news/auc-912797VK0-2026-08-06/8-week-2-month-bill-auction-in-line) Jul 30, 2026Jul 30 ’26 912797VE4 Reopen $100B 3.675% — 2.74 62.9% 4.0% 33.1% [IN LINE →](https://helious.io/news/auc-912797VE4-2026-07-30/8-week-2-month-bill-auction-in-line) Jul 23, 2026Jul 23 ’26 912797VD6 Reopen $100B 3.795% — 2.31 39.7% 4.6% 55.6% [WEAK →](https://helious.io/news/auc-912797VD6-2026-07-23/8-week-2-month-bill-auction-weak) Jul 16, 2026Jul 16 ’26 912797VC8 Reopen $100B 3.650% — 2.84 67.6% 3.9% 28.4% [IN LINE →](https://helious.io/news/auc-912797VC8-2026-07-16/8-week-2-month-bill-auction-in-line) 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/8-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/)