The Treasury Department yesterday auctioned $22 billion of one-year bills at a 1.040% high yield, a price of 98.948444.
The coupon equivalent was 1.063%. The bid-to-cover ratio was 3.06. Tenders at the high rate were allotted 31.25%. The median yield was 0.995%. The low yield was 0.500%. Tenders totaled $67,237,354,400 and the Treasury accepted $22,000,166,900, including $197,354,400 of noncompetitive.
Treasury also auctioned $32 billion of four-week bills at a 0.100% high yield, a price of 99.992222. The coupon equivalent was 0.101%. The bid-to-cover ratio was 2.78. Tenders at the high rate were allotted 66.01%. Both the median yield and the low yield was 0.000%. Tenders totaled $88,840,832,900 and the Treasury accepted $32,000,137,900, including $337,134,900 of noncompetitive.
