Weak demand at 26-Week Treasury auction
The 26-Week Treasury auction on 2026-10-05 showed weak demand: tailed by 4.4 bps vs. the prior day's curve. Awarded yield 4.314%, vs. 4.441% at the previous 26-Week auction on 2026-09-28.
Recent readings — 26-Week bid-to-cover, recent auctions
| vs. previous | ||
| Oct 5, 2026 | 2.79x | ▲ +5.7% |
| Sep 28, 2026 | 2.64x | ▲ +0.8% |
| Sep 21, 2026 | 2.62x | ▼ -4.4% |
| Sep 14, 2026 | 2.74x | ▼ -4.9% |
| Sep 8, 2026 | 2.88x | ▲ +9.5% |
| Aug 31, 2026 | 2.63x | — |
Why this matters
Weak demand at a Treasury auction is one of the clearest real-time signals of how the market actually views government creditworthiness — not commentary, but money changing hands.
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