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 4.89.

Tenders at the high rate were allotted 2.48%. The median yield was 0.130%. The low yield was 0.120%.

The bills have an issue date of April 4 and are due April 3, 2014.

Tenders totaled $122,182,680,400 and the Treasury accepted $25,000,096,400, including $163,484,400 non-competitive.

The Fed banks bought nothing for their own account in exchange for maturing securities.

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