The Treasury Department Tuesday auctioned $25 billion of 364-day bills at a 0.120% high yield, a price of 99.878667.
Processing Content
The coupon equivalent was 0.122%. The bid-to-cover ratio was 4.06.
Tenders at the high rate were allotted 44.56%. The median yield was 0.110%. The low yield was 0.105%.
The bills have an issue date of Sept. 18 and are due Sept. 17, 2015
Tenders totaled $101,610,350,500 and the Treasury accepted $25,000,342,500, including $139,350,500 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
