US 4-Week Bill bid-to-cover ratio falls to 2.400
Summary
In the latest US Treasury auction for a 4-week bill held on October 8, 2026, the bid-to-cover ratio fell to 2.400, down from the previous 2.830, indicating weaker demand from investors for this short-term debt offering. This decline suggests a reduction in market interest, although the ratio still signifies that total bids exceeded the amount offered. Such changes in the bid-to-cover ratio are significant as they reflect investor sentiment and market conditions surrounding government securities.
Tokens
$MACRO
Analysis
US 4-Week Bill: A US 4-Week Bill is a short-term Treasury security issued by the United States government and sold through regular auctions. The news reports that its latest auction produced a bid-to-cover ratio of 2.400, indicating softer demand than the previous auction. Market Demand: The bid-to-cover ratio measures total bids received relative to the amount of Treasury securities offered; a lower ratio generally indicates weaker auction demand. Interpretation: The decline from 2.830 to 2.400 suggests reduced investor demand for this short-term government debt offering, although the ratio still reflects bids exceeding the amount sold. Auction Context: The US Treasury’s auction schedule identifies an October 8, 2026 auction for a 4-week bill, following the prior auction held on October 1, 2026.
Categories
politicsmacro
Related sources
- https://home.treasury.gov/system/files/221/TentativeAuctionScheduleQ32026.pdf
- https://home.treasury.gov/system/files/221/Tentative-Auction-Schedule.pdf
- https://fedpolicy.org/releases/
- https://www.tftc.io/treasury-bills/4-week
- https://www.cmegroup.com/education/events/econoday/692916
- https://home.treasury.gov/system/files/221/TentativeAuctionScheduleQ32026.xml
- https://home.treasury.gov/system/files/221/Tentative-Auction-Schedule.pdf?inf_contact_key=d3a358a57b68c15767abf0c70a2645c09def1dbf585966007926372c74c482b3
- https://www.tftc.io/treasury-bills/17-week
- https://www.tftc.io/treasury-bills
- https://www.reuters.com/commentary/reuters-open-interest/trumps-treasury-sting-is-auction-tail-mcgeever-2026-10-06/
- https://www.treasurydirect.gov/auctions/upcoming/
- https://www.investing.com/economic-calendar/4-week-bill-auction-567
- https://www.tftc.io/treasury-auctions
- https://us500.com/treasury/upcoming-treasury-auctions
- https://fiscaldata.treasury.gov/datasets/treasury-securities-auctions-data/