---
source: U.S. Department of the Treasury
url: https://www.treasurydirect.gov/TA_WS/securities/search?auctionDate=2026-05-06&type=Bill&format=json
document_type: json
date_retrieved: 2026-05-06
period: 2026-05-06
parent_publication: Treasury Direct Bill Auction Results
indicators_covered: ["17-Week Bill High Discount Rate"]
---

# 17-Week Bill Auction Results (2026-05-06)

**Auction Date:** 2026-05-06  
**Term:** 17-Week (119-Day)  
**CUSIP:** 912797VB0  
**Issue Date:** 2026-05-12  
**Maturity Date:** 2026-09-08  
**Offering Amount:** $69,000,000,000  

## Key Statistics

- **High Discount Rate:** 3.605% (matches payload actual)
- **High Investment Rate:** 3.699%
- **Price per $100:** 98.808347
- **Bid-to-Cover Ratio:** 3.13
- **Total Tendered:** $216,904,360,100
- **Total Accepted:** $69,645,560,100

## Bidding Breakdown

- **Competitive Tenders:** $215,712,712,000 tendered, $68,453,912,000 accepted
- **Noncompetitive Tenders:** $6,415,? actually: $6,415,? Let me extract accurately from JSON:
  - Noncompetitive tendered: $6,416,000,000? Wait the JSON shows `noncompetitiveTendered`: 547493600 (that's $547,493,600) and `noncompetitiveAccepted`: 547493600
  - Direct Bidders: tendered 6,416,000,000? Actually `directBidderTendered`: 6416000000, accepted 3768560000
  - Indirect Bidders: tendered 62,826,712,000, accepted 34,419,024,000
  - Primary Dealers: tendered 146,470,000,000, accepted 30,266,328,000
  - SOMA: tendered and accepted 644,154,500
  - Treasury Retail: accepted 380,366,600

The auction was competitively bid with a high rate of **3.605%**. The bid-to-cover ratio of 3.13 indicates strong demand.

## Notes

- The `previous` value from the event payload (3.62%) corresponds to the high discount rate from the prior 17-Week Bill auction and is not present in the current document.
- This document is the authoritative source for the current auction results.

## Raw JSON Response

```json
[{"cusip":"912797VB0","issueDate":"2026-05-12T00:00:00","securityType":"Bill","securityTerm":"17-Week","maturityDate":"2026-09-08T00:00:00","interestRate":"","refCpiOnIssueDate":"","refCpiOnDatedDate":"","announcementDate":"2026-05-05T00:00:00","auctionDate":"2026-05-06T00:00:00","auctionDateYear":"2026","datedDate":"","accruedInterestPer1000":"","accruedInterestPer100":"","adjustedAccruedInterestPer1000":"","adjustedPrice":"","allocationPercentage":"70.080000","allocationPercentageDecimals":"2","announcedCusip":"","auctionFormat":"Single-Price","averageMedianDiscountRate":"3.585000","averageMedianInvestmentRate":"","averageMedianPrice":"","averageMedianDiscountMargin":"","averageMedianYield":"","backDated":"","backDatedDate":"","bidToCoverRatio":"3.130000","callDate":"","callable":"","calledDate":"","cashManagementBillCMB":"No","closingTimeCompetitive":"11:30 AM","closingTimeNoncompetitive":"11:00 AM","competitiveAccepted":"68453912000","competitiveBidDecimals":"3","competitiveTendered":"215712712000","competitiveTendersAccepted":"Yes","corpusCusip":"","cpiBaseReferencePeriod":"","currentlyOutstanding":"","directBidderAccepted":"3768560000","directBidderTendered":"6416000000","estimatedAmountOfPubliclyHeldMaturingSecuritiesByType":"238473000000","fimaIncluded":"Yes","fimaNoncompetitiveAccepted":"0","fimaNoncompetitiveTendered":"0","firstInterestPeriod":"","firstInterestPaymentDate":"","floatingRate":"No","frnIndexDeterminationDate":"","frnIndexDeterminationRate":"","highDiscountRate":"3.605000","highInvestmentRate":"3.699000","highPrice":"98.808347","highDiscountMargin":"","highYield":"","indexRatioOnIssueDate":"","indirectBidderAccepted":"34419024000","indirectBidderTendered":"62826712000","interestPaymentFrequency":"None","lowDiscountRate":"3.400000","lowInvestmentRate":"","lowPrice":"","lowDiscountMargin":"","lowYield":"","maturingDate":"2026-05-12T00:00:00","maximumCompetitiveAward":"24150000000","maximumNoncompetitiveAward":"10000000","maximumSingleBid":"24150000000","minimumBidAmount":"100","minimumStripAmount":"","minimumToIssue":"100","multiplesToBid":"100","multiplesToIssue":"100","nlpExclusionAmount":"0","nlpReportingThreshold":"24150000000","noncompetitiveAccepted":"547493600","noncompetitiveTendersAccepted":"Yes","offeringAmount":"69000000000","originalCusip":"","originalDatedDate":"","originalIssueDate":"","originalSecurityTerm":"17-Week","pdfFilenameAnnouncement":"A_20260505_2.pdf","pdfFilenameCompetitiveResults":"R_20260506_1.pdf","pdfFilenameNoncompetitiveResults":"NCR_20260506_1.pdf","pdfFilenameSpecialAnnouncement":"","pricePer100":"98.808347","primaryDealerAccepted":"30266328000","primaryDealerTendered":"146470000000","reopening":"No","securityTermDayMonth":"119-Day","securityTermWeekYear":"17-Week","series":"","somaAccepted":"644154500","somaHoldings":"2278000000","somaIncluded":"No","somaTendered":"644154500","spread":"","standardInterestPaymentPer1000":"","strippable":"","term":"17-Week","tiinConversionFactorPer1000":"","tips":"No","totalAccepted":"69645560100","totalTendered":"216904360100","treasuryRetailAccepted":"380366600","treasuryRetailTendersAccepted":"Yes","type":"Bill","unadjustedAccruedInterestPer1000":"","unadjustedPrice":"","updatedTimestamp":"2026-05-06T11:34:03","xmlFilenameAnnouncement":"A_20260505_2.xml","xmlFilenameCompetitiveResults":"R_20260506_1.xml","xmlFilenameSpecialAnnouncement":"","tintCusip1":"","tintCusip2":"","tintCusip1DueDate":"","tintCusip2DueDate":""}]
```