The Treasury Department Wednesday auctioned $25 billion of 364-day bills at a 0.095% high yield, a price of 99.903944.
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The coupon equivalent was 0.096%. The bid-to-cover ratio was 4.57.
Tenders at the high rate were allotted 36.87%. The median yield was 0.090%. The low yield was 0.075%.
The bills have an issue date of May 29 and are due May 28, 2015
Tenders totaled $114,338,852,300 and the Treasury accepted $25,000,029,300, including $152,852,300 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
