The Treasury Department Wednesday auctioned $25 billion of 364-day bills at a 0.140% high yield, a price of 99.858444.
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The coupon equivalent was 0.142%. The bid-to-cover ratio was 3.59.
Tenders at the high rate were allotted 1.00%. The median yield was 0.125%. The low yield was 0.120%.
The bills have an issue date of Nov. 13 and are due Nov. 12, 2015
Tenders totaled $89,706,344,700 and the Treasury accepted $25,000,744,700, including $123,144,700 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
