The Treasury Department Tuesday auctioned $25 billion of 364-day bills at a 0.105% high yield, a price of 99.893833.
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The coupon equivalent was 0.107%. The bid-to-cover ratio was 4.50.
Tenders at the high rate were allotted 60.39%. The median yield was 0.100%. The low yield was 0.090%.
The bills have an issue date of May 1 and are due April 30, 2015
Tenders totaled $112,503,581,100 and the Treasury accepted $25,000,475,100, including $120,081,100 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
