The Treasury Department Tuesday auctioned $20 billion of 364-day bills at a 1.215% high yield, a price of 98.771500.
The coupon equivalent was 1.243%. The bid-to-cover ratio was 3.31.
Andrew Harrer/Bloomberg
Tenders at the high rate were allotted 37.24%. The median yield was 1.200%. The low yield was 1.160%.
The bills have an issue date of June 22 and are due June 21, 2018.
Tenders totaled $66,159,462,100 and the Treasury accepted $20,000,000,100, including $260,362,100 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
