The Treasury Department Wednesday 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 0.101%. The bid-to-cover ratio was 3.86.
Tenders at the high rate were allotted 16.27%. The median yield was 0.085%. The low yield was 0.080%.
The bills have an issue date of Oct. 16 and are due Oct. 15, 2015
Tenders totaled $96,422,207,200 and the Treasury accepted $25,001,197,200, including $151,207,200 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
