The Treasury Department Tuesday auctioned $25 billion of 364-day bills at a 0.110% high yield, a price of 99.888778.
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The coupon equivalent was 0.112%. The bid-to-cover ratio was 4.05.
Tenders at the high rate were allotted 67.42%. The median yield was 0.100%. The low yield was 0.090%.
The bills have an issue date of June 26 and are due June 25, 2015
Tenders totaled $101,211,345,600 and the Treasury accepted $25,000,199,600, including $132,345,600 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
