The Treasury Department Tuesday auctioned $20 billion of 364-day bills at a 0.660% high yield, a price of 99.332667.
Processing Content
The coupon equivalent was 0.673%. The bid-to-cover ratio was 3.29.
Tenders at the high rate were allotted 14.26%. The median yield was 0.630%. The low yield was 0.590%.
The bills have an issue date of March 3 and are due March 2, 2017.
Tenders totaled $65,795,640,500 and the Treasury accepted $20,000,019,500, including $207,140,500 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
