The Treasury Department Tuesday auctioned $25 billion of 364-day bills at a 0.140% high yield, a price of 99.858444.
The coupon equivalent was 0.142%. The bid-to-cover ratio was 4.72.
Tenders at the high rate were allotted 11.24%. The median yield was 0.130%. The low yield was 0.120%.
The bills have an issue date of Jan. 10 and are due Jan. 9, 2014.
Tenders totaled $118,033,186,300 and the Treasury accepted $25,000,102,300, including $156,811,300 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
