The Treasury Department Tuesday auctioned $20 billion of 364-day bills at a 0.560% high yield, a price of 99.433778.
The coupon equivalent was 0.570%. The bid-to-cover ratio was 3.71.
Tenders at the high rate were allotted 71.13%. The median yield was 0.550%. The low yield was 0.520%.
The bills have an issue date of June 23 and are due June 22, 2017.
Tenders totaled $74,140,518,500 and the Treasury accepted $20,000,110,900, including $180,818,500 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
