NEW YORK - The Treasury Department today auctioned $26 billion of one-year bills at a 0.320% high yield, a price of 99.676444.
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The coupon equivalent was 0.325%. The bid-to-cover ratio was 3.65.
Tenders at the high rate were allotted 89.79%. The median yield was 0.300%. The low yield was 0.255%.
The bills have an issue date of Feb. 11 and are due Feb. 10, 2011.
Tenders totaled $95,002,162,100 and the Treasury accepted $26,000,054,600, including $179,959,200 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
