The Treasury Department yesterday auctioned $26 billion of one-year bills at a 0.445% high yield, a price of 99.550056.
The coupon equivalent was 0.453%. The bid-to-cover ratio was 3.60. Tenders at the high rate were allotted 30.17%. The median yield was 0.425%. The low yield was 0.350%. The bills have an issue date of June 4 and are due June 3, 2010.