As of May 28, 2026 yieldcurve.pro

4-Week Treasury Indirect

54.1%

Grade B+

Historical indirect data for 4-Week Treasury auctions, updated after each auction. The most recent value is 54.1% as of May 28, 2026. The indirect bidder share is a proxy for foreign central bank and institutional demand. It measures the percentage of the auction awarded to indirect bidders.

Bidder allocation data shows the percentage of 4-Week Treasury securities awarded to each class of buyer: direct bidders (domestic institutions buying for their own account), indirect bidders (typically foreign central banks and large fund managers), and primary dealers who absorb the remainder. Shifts in allocation can signal changing demand dynamics — rising indirect participation often reflects foreign appetite for U.S. duration, while elevated dealer takedown may indicate tepid end-investor demand.

Recent 4-Week Auctions

Date Indirect Grade Composite
03/26/2026 71.6% A C-
04/02/2026 74.2% A C
04/09/2026 79.9% A C
04/16/2026 78.4% A C
04/23/2026 64.7% A C-
04/30/2026 69.6% A C-
05/07/2026 47.1% B- C
05/14/2026 57.1% B+ C
05/21/2026 61.1% A C
05/28/2026 54.1% B+ C

Historical Statistics

Mean Std Dev Min Max Count
38.6% 17.0% 2.4% 81.5% 948

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