Treasury Year Bills Go At 0.160% High Rate

The Treasury Department Tuesday auctioned $25 billion of 364-day bills at a 0.160% high yield, a price of 99.838222.

The coupon equivalent was 0.162%. The bid-to-cover ratio was 4.10.

Tenders at the high rate were allotted 68.47%. The median yield was 0.155%. The low yield was 0.140%.

The bills have an issue date of June 27 and are due June 26, 2014.

Tenders totaled $102,410,102,600 and the Treasury accepted $25,000,203,100, including $130,102,600 non-competitive.

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

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