NEW YORK - The Treasury Department Tuesday auctioned $26 billion of 364-day bills at a 0.185% high yield, a price of 99.812944.
The coupon equivalent was 0.188%. The bid-to-cover ratio was 4.56.
Tenders at the high rate were allotted 49.82%. The median yield was 0.180%. The low yield was 0.165%.
The bills have an issue date of May 3 and are due May 2, 2013.
Tenders totaled $118,645,067,500 and the Treasury accepted $26,000,292,500, including $112,067,500 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.