---
status: success
source: Deutsche Finanzagentur (German Finance Agency)
url: https://www.deutsche-finanzagentur.de/fileadmin/user_upload/Institutionelle-investoren/auktionen/emissionsergebnisse_aktuell_en.pdf
document_type: pdf
date_retrieved: 2026-05-04T10:03:25.457180+00:00
period: May 4, 2026 (auction date)
parent_publication: Auction Results – Federal securities
indicators_covered: ["3-Month Bubill Yield"]
data_point: ISIN DE000BU0E329, maturity 2026-08-19
---

# Auction Results – Federal securities  
_Deutsche Finanzagentur (Federal Republic of Germany – Finance Agency) – Consolidated Results_  

**Release date:** May 4, 2026 (covers auction held on this date)  
**Source:** Deutsche Finanzagentur & Deutsche Bundesbank  

## Table: Federal Securities Auction Results (excerpt – relevant rows)

| No. | Date       | ISIN           | Bond   | Maturity   | Segment | Type | Issuance Volume (€m) | Competitive Bids (€m) | Allotted Volume (€m) | Lowest Accepted Price | Weighted Average Price | **Yield (%)** | Cover Ratio |
|-----|------------|----------------|--------|------------|---------|------|---------------------|----------------------|---------------------|---------------------|------------------------|---------------|-------------|
| 43  | 2026-05-04 | DE000BU0E329   | Bubill | 2026-08-19 | 12 M    | R    | 2,000               | 4,912                | 3,140               | 1,772               | 99.37250               | **2.164**     | 2.6         |
| 43  | 2026-05-04 | DE000BU0E386   | Bubill | 2027-02-17 | 12 M    | R    | 3,000               | 5,675                | 4,160               | 1,515               | 98.05126               | **2.488**     | 2.4         |

> **Note on classification:** Both Bubill entries are labelled "12 M" segment in the source table. The shorter maturity (2026-08-19, ~3.5 months from auction date) corresponds to the 3-Month Bubill. The longer (2027-02-17, ~21 months) is the 12-Month Bubill. The indicator `3 Month Bill Yield` maps to the first row (ISIN DE000BU0E329).

### Previous value (for 3-Month Bubill)

From the same consolidated results PDF, the previous 3-Month Bubill auction (row 31, 2026-03-30, ISIN DE000BU0E311, maturity 2026-07-15) shows a weighted average yield of **2.151%**. This matches the `previous` field in the event payload.

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### Extraction notes

- The consolidated PDF is updated ≈30–60 minutes after each auction cycle. The May 4, 2026 results appeared in the document successfully at retrieval time.
- "Lowest accepted price" = price of the marginal accepted bid; "Weighted average price" = volume-weighted average price of all accepted competitive bids; yield derived from that price.
- Yield = **2.164%** matches payload `actual` exactly. Previous **2.151%** matches payload `previous`.
- Full raw text preserved in `research_output/raw/417499.txt` and original PDF in `research_output/raw/417499.pdf`.