The Treasury Department yesterday auctioned $30 billion of 339-day bills at a 0.540% high yield, a price of 99.491500.
The coupon equivalent was 0.550%. The bid-to-cover ratio was 2.74.
Tenders at the high rate were allotted 94.55%. The median yield was 0.515%. The low yield was 0.490%.
The bills have an issue date of July 6 and are due June 10, 2010.
The tenders totaled $82,189,000,000 and the Treasury accepted $29,997,965,000, including $2,339,400 of noncompetitive.