NEW YORK - The Treasury Department Tuesday auctioned $24 billion of 364-day bills at a 0.180% high yield, a price of 99.818000.
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The coupon equivalent was 0.183%. The bid-to-cover ratio was 4.69.
Tenders at the high rate were allotted 90.67%. The median yield was 0.175%. The low yield was 0.150%.
The bills have an issue date of June 2 and are due May 31, 2012.
Tenders totaled $112,645,703,400 and the Treasury accepted $24,000,601,500, including $103,204,400 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
