Market insights
Every sentence on this page is generated from published figures. There is no forecast, opinion or commentary, and a change in a rate says nothing about where it goes next.
Generated from published figures. No commentary or forecast.
Latest rates
The latest US Treasury bill rates published for Nov 5, 2026.
Today’s curve against one month earlier
Bank discount rate by tenor
- Latest, Nov 5, 2026
- Earlier, Oct 6, 2026
In plain terms
Calculated from the figures shown
- The 4-week discount rate was 3.89% on Nov 5, 2026, up 1.0 bp from 3.88% on Oct 6, 2026.
- The 13-week discount rate was 4.00% on Nov 5, 2026, down 4.0 bp from 4.04% on Oct 6, 2026.
- The 26-week discount rate was 4.08% on Nov 5, 2026, down 7.0 bp from 4.15% on Oct 6, 2026.
- The 52-week discount rate was 4.09% on Nov 5, 2026, down 16.0 bp from 4.25% on Oct 6, 2026.
The difference between the 52-week rate (4.09%) and the 4-week rate (3.89%) was +20.0 bp on Nov 5, 2026.
How the curve changed
Change in the bank discount rate at each tenor, in basis points. One basis point is 0.01 percentage points. A window uses the latest published date on or before the date requested.
One week earlier
Oct 29, 2026 to Nov 5, 2026
- 4-week−2.0 bp
- 6-week0.0 bp
- 8-week−4.0 bp
- 13-week0.0 bp
- 17-week−5.0 bp
- 26-week−7.0 bp
- 52-week−13.0 bp
One month earlier
Oct 6, 2026 to Nov 5, 2026
- 4-week+1.0 bp
- 6-week−4.0 bp
- 8-week+1.0 bp
- 13-week−4.0 bp
- 17-week−3.0 bp
- 26-week−7.0 bp
- 52-week−16.0 bp
Three months earlier
Aug 6, 2026 to Nov 5, 2026
- 4-week+24.0 bp
- 6-week+27.0 bp
- 8-week+27.0 bp
- 13-week+26.0 bp
- 17-week+27.0 bp
- 26-week+25.0 bp
- 52-week+20.0 bp
Latest auction results
Official results for the most recent US bill auctions.
| Term | CUSIP | Auction date | High rate | Investment rate | Price per 100 | Bid-to-cover | Offering | Maturity |
|---|---|---|---|---|---|---|---|---|
| 4-Week | 912797WE3 | Nov 5, 2026 | 3.890% | 3.956% | 99.697444 | 2.46 | USD 115 billion | Dec 8, 2026 |
| 8-Week | 912797WN3 | Nov 5, 2026 | 3.975% | 4.055% | 99.381667 | 2.68 | USD 110 billion | Jan 5, 2027 |
| 17-Week | 912797XG7 | Nov 4, 2026 | 4.090% | 4.204% | 98.648028 | 3.26 | USD 75 billion | Mar 9, 2027 |
| 6-Week | 912797VH7 | Nov 3, 2026 | 3.940% | 4.013% | 99.540333 | 2.88 | USD 100 billion | Dec 17, 2026 |
| 26-Week | 912797WX1 | Nov 2, 2026 | 4.150% | 4.298% | 97.901944 | 2.89 | USD 82 billion | May 6, 2027 |
| 13-Week | 912797VV6 | Nov 2, 2026 | 4.040% | 4.138% | 98.978778 | 2.88 | USD 95 billion | Feb 4, 2027 |
| 4-Week | 912797VZ7 | Oct 29, 2026 | 3.910% | 3.976% | 99.695889 | 3.10 | USD 115 billion | Dec 1, 2026 |
| 8-Week | 912797WH6 | Oct 29, 2026 | 4.020% | 4.101% | 99.374667 | 2.63 | USD 110 billion | Dec 29, 2026 |
Upcoming auctions
Announced offerings with no published result yet.
| Term | CUSIP | Announced | Auction date | Issue date | Maturity | Offering |
|---|---|---|---|---|---|---|
| 13-Week | 912797WB9 | Nov 5, 2026 | Nov 9, 2026 | Nov 12, 2026 | Feb 11, 2027 | USD 95 billion |
| 6-Week | 912797TC1 | Nov 5, 2026 | Nov 9, 2026 | Nov 12, 2026 | Dec 24, 2026 | USD 100 billion |
| 26-Week | 912797UX3 | Nov 5, 2026 | Nov 9, 2026 | Nov 12, 2026 | May 13, 2027 | USD 82 billion |
Other markets
Figures use different quoting conventions, currencies and credit profiles. Nominal rates are not directly comparable, so this table is not ranked.
- Australia AUDResearch
- ~1m
- 2.69%
- ~3m
- 2.56%
- ~6m
- Unavailable
- ~1y
- Unavailable
Secondary bill yield. Observed May 17, 2013Stale: last observed 2013
- Canada CADData only
- ~1m
- 2.46%
- ~3m
- 2.53%
- ~6m
- 2.77%
- ~1y
- 3.04%
Secondary bill yield. Observed Oct 28, 2026
- Singapore SGDData only
- ~1m
- Unavailable
- ~3m
- Unavailable
- ~6m
- 1.86%
- ~1y
- 1.88%
Secondary bill yield. Observed Nov 5, 2026
- United States USDOfficial data feed
- ~1m
- 3.96%
- ~3m
- 4.10%
- ~6m
- 4.22%
- ~1y
- 4.28%
Coupon equivalent. Observed Nov 5, 2026
| Market | Status | Rate shown | About 1 month | About 3 months | About 6 months | About 1 year | Observed |
|---|---|---|---|---|---|---|---|
| Australia AUD | Research | Secondary bill yieldQuoted as simple yield, /365 | 2.69% | 2.56% | Unavailable | Unavailable | May 17, 2013Stale: last observed 2013 |
| Canada CAD | Data only | Secondary bill yieldQuoted as simple yield, /365 | 2.46% | 2.53% | 2.77% | 3.04% | Oct 28, 2026 |
| Singapore SGD | Data only | Secondary bill yieldQuoted as simple yield, /365 | Unavailable | Unavailable | 1.86% | 1.88% | Nov 5, 2026 |
| United States USD | Official data feed | Coupon equivalentQuoted as bank discount, /360 | 3.96% | 4.10% | 4.22% | 4.28% | Nov 5, 2026 |
Bid-to-cover at recent auctions
Total amount bid divided by the amount accepted, as published. It describes participation at that auction and nothing more.
| Term | Auction date | Bid-to-cover |
|---|---|---|
| 4-Week | Nov 5, 2026 | 2.46 |
| 8-Week | Nov 5, 2026 | 2.68 |
| 17-Week | Nov 4, 2026 | 3.26 |
| 6-Week | Nov 3, 2026 | 2.88 |
| 26-Week | Nov 2, 2026 | 2.89 |
| 13-Week | Nov 2, 2026 | 2.88 |
| 4-Week | Oct 29, 2026 | 3.10 |
| 8-Week | Oct 29, 2026 | 2.63 |