The Treasury Department Tuesday auctioned $25 billion of 364-day bills at a 0.250% high yield, a price of 99.747222.
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The coupon equivalent was 0.254%. The bid-to-cover ratio was 3.84.
Tenders at the high rate were allotted 48.49%. The median yield was 0.245%. The low yield was 0.230%.
The bills have an issue date of Jan. 8 and are due Jan. 7, 2016
Tenders totaled $96,003,566,200 and the Treasury accepted $25,000,854,200, including $122,566,200 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
