The Treasury Department Tuesday auctioned $22 billion of 364-day bills at a 0.160% high yield, a price of 99.838222.
The coupon equivalent was 0.162%. The bid-to-cover ratio was 4.12.
Tenders at the high rate were allotted 61.51%. The median yield was 0.150%. The low yield was 0.130%.
The bills have an issue date of Oct. 17 and are due Oct. 16, 2014.
Tenders totaled $90,562,026,800 and the Treasury accepted $22,000,014,800, including $119,054,000 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
