The Treasury Department Tuesday auctioned $25 billion of 364-day bills at a 0.205% high yield, a price of 99.792722.
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The coupon equivalent was 0.208%. The bid-to-cover ratio was 3.81.
Tenders at the high rate were allotted 57.60%. The median yield was 0.200%. The low yield was 0.185%.
The bills have an issue date of Feb. 5 and are due Feb. 4, 2016
Tenders totaled $95,327,871,200 and the Treasury accepted $25,000,231,200, including $180,308,200 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
