The Treasury Department Tuesday auctioned $25 billion of 364-day bills at a 0.210% high yield, a price of 99.787667.
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The coupon equivalent was 0.213%. The bid-to-cover ratio was 3.44.
Tenders at the high rate were allotted 49.47%. The median yield was 0.200%. The low yield was 0.170%.
The bills have an issue date of Dec. 11 and are due Dec. 10, 2015
Tenders totaled $86,057,675,400 and the Treasury accepted $25,000,080,400, including $156,675,400 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
