NEW YORK - The Treasury Department Tuesday auctioned $25 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 5.07.
Tenders at the high rate were allotted 23.61%. The median yield was 0.180%. The low yield was 0.160%.
The bills have an issue date of May 31 and are due May 30, 2013.
Tenders totaled $126,740,458,000 and the Treasury accepted $25,000,805,000, including $155,558,000 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
