---
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: 2026-04-13
period: April 2026 (auction date)
parent_publication: Auction Results (Consolidated)
indicators_covered: [Bubill 6-Month Yield, Multiple German sovereign bond auctions]
---

# Auction Results — 6-Month Bubill, April 13, 2026

**Deutsche Finanzagentur (German Finance Agency) · Federal Republic of Germany**

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## 6-Month Bubill (DE000BU0E345)

- **Auction date:** 2026-04-13
- **Maturity:** 2026-10-14 (6-month)
- **Issuance volume:** 2,000 € million
- **Allotted volume:** 1,895.00 € million
- **Weighted average price:** 98.84565
- **Average yield:** **2.310%**
- **Bid-to-cover ratio:** 3.1
- **Total bids received:** 5,932 € million
  - Competitive bids: 3,817 € million
  - Non-competitive bids: 2,115 € million

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## Context from Full Publication

The consolidated PDF covers all German Federal securities auctioned on 2026-04-13:

| No. | ISIN | Bond | Maturity | Volume (€m) | Allotted (€m) | Avg Yield (%) |
|-----|------|------|----------|-------------|---------------|---------------|
| 36 | DE000BU0E345 | Bubill | 2026-10-14 | 2,000 | 1,895.00 | **2.310** |
| 36 | DE000BU0E402 | Bubill | 2027-04-14 | 3,000 | 2,317.00 | 2.517 |

The 6-Month Bubill yielded 2.310%, up from the previous 6-Month Bubill auction yield of 2.121% (March 30, 2026, ISIN DE000BU0E311). The higher yield reflects continued monetary policy tightening expectations.

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*Note: Bubill = Federal discount paper (short-term sovereign). Multi-ISIN (M-A) issuance process.*