NEW YORK - The Treasury Department Tuesday auctioned $25 billion of 364-day bills at a 0.205% high yield, a price of 99.792722.
The coupon equivalent was 0.208%. The bid-to-cover ratio was 4.15.
Tenders at the high rate were allotted 43.22%. The median yield was 0.195%. The low yield was 0.180%.
The bills have an issue date of June 28 and are due June 27, 2013.
Tenders totaled $103,735,306,000 and the Treasury accepted $25,000,116,000, including $141,972,200 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.