The Treasury Department Tuesday auctioned $18 billion of 364-day bills at a 0.115% high yield, a price of 99.883722.
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The coupon equivalent was 0.117%. The bid-to-cover ratio was 3.70.
Tenders at the high rate were allotted 87.87%. The median yield was 0.110%. The low yield was 0.090%.
The bills have an issue date of February 6 and are due February 5, 2015
Tenders totaled $66,537,054,200 and the Treasury accepted $18,000,496,200, including $175,254,200 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
