Canada's Three-, Six- and 12-Month T-Bills Auction Demand Tops The Amount on Offer
MT newswire2026/10/06 16:2612:26 PM EDT, 10/06/2026 (MT Newswires) -- Canada sold CA$12.8 billion of three-month Treasury bills at an average yield of 2.409%, with the auction covered 1.71 times the amount offered, according to data published on the Bank of Canada's website on Tuesday. Distributors submitted CA$21.84 billion in competitive bids, receiving 60.6% of the allocation, while customers received 37.4% and Canada's central bank purchased CA$256 million. Canadian accounts took 91.7% of the allocation, with international accounts receiving 8.3%. The T-bills expire on Jan. 13, 2027. Canada also sold CA$4.6 billion of six-month T-bills at an average yield of 2.620%, with the auction covered 1.87 times the amount offered, according to the BoC website. Distributors submitted CA$8.62 billion in competitive bids, receiving 65.1% of the allocation. Customers received 32.9%, while the BoC purchased CA$92 million. Canadian accounts took 96.9% of the allocation, with international accounts receiving 3.1%. The T-bills expire on April 7, 2027. Canada also sold CA$4.6 billion of one-year T-bills at an average yield of 2.955%, with the auction covered 2.33 times the amount offered, according to the BoC. Distributors submitted CA$10.72 billion in competitive bids, receiving 55.3% of the allocation. Customers received 42.7%, while the BoC purchased CA$92 million. Canadian accounts took 80.0% of the allocation, with international accounts receiving 20.0%. The T-bills expire on Oct. 6, 2027.
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