The Treasury Department Tuesday auctioned $20 billion of 364-day bills at a 0.605% high yield, a price of 99.332667.
The coupon equivalent was 0.616%. The bid-to-cover ratio was 3.57.
Tenders at the high rate were allotted 66.28%. The median yield was 0.590%. The low yield was 0.560%.
The bills have an issue date of April 28 and are due April 27, 2017.
Tenders totaled $71,446,241,500 and the Treasury accepted $20,000,167,000, including $201,791,500 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
