U.S. 27-day cash management bills high rate 3.605%

WASHINGTON, May 21 (Reuters) - The U.S. Treasury Department said its Dutch bidding auction of 27-day cash management bills brought these results:
27-DAY CASH MANAGEMENT BILLS
RATES
High 3.605%
Median 3.585%
Low 3.495%
Investment 3.665%
PRICE/ACCEPTANCES
Price 99.729625
Accepted at high 12.75%
Bid-to-cover ratio 4.60
AMOUNTS TENDERED AND ACCEPTED (dollars)
Total accepted 25,000,301,000
Total public bids tendered 115,024,126,000
Competitive bids accepted 24,895,175,000
Noncompetitive bids accepted 105,126,000
Fed add-ons 0
BILLS DETAILS
Issued date May 22, 2026
Maturity date June 18, 2026
CUSIP number 912797TD9
Dutch auctions are also called uniform-price auctions.
Successful bidders pay only the price of the lowest accepted
bid, rather than the actual price they bid as in a
multiple-price auction.
For related historical price quotes please click on
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