NEW YORK - The Treasury Department Tuesday auctioned $25 billion of 364-day bills at a 0.100% high yield, a price of 99.898889.
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The coupon equivalent was 0.102%. The bid-to-cover ratio was 4.26.
Tenders at the high rate were allotted 94.79%. The median yield was 0.090%. The low yield was 0.070%.
The bills have an issue date of Aug. 25 and are due Aug. 23, 2012.
Tenders totaled $106,478,023,800 and the Treasury accepted $25,000,407,300, including $131,023,800 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
