The Treasury Department Tuesday auctioned $25 billion of 364-day bills at a 0.125% high yield, a price of 99.873611.
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The coupon equivalent was 0.127%. The bid-to-cover ratio was 4.99.
Tenders at the high rate were allotted 26.56%. The median yield was 0.120%. The low yield was 0.090%.
The bills have an issue date of April 3 and are due April 2, 2015
Tenders totaled $124,763,153,900 and the Treasury accepted $25,000,657,900, including $175,748,900 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
