The Treasury Department Tuesday auctioned $20 billion of 364-day bills at a 1.365% high yield, a price of 98.619833.

The coupon equivalent was 1.398%. The bid-to-cover ratio was 3.27.

Tenders at the high rate were allotted 72.47%. The median yield was 1.340%. The low yield was 1.310%.

Bloomberg News

The bills have an issue date of Oct. 12 and are due Oct. 11, 2018.

Tenders totaled $65,425,759,100 and the Treasury accepted $20,000,056,100, including $229,301,100 non-competitive.

The Fed banks bought nothing for their own account in exchange for maturing securities.

Treasury also auctioned $35 billion of four-week bills at a 1.015% high yield, a price of 99.921056.

The coupon equivalent was 1.030%. The bid-to-cover ratio was 2.90.

Tenders at the high rate were allotted 33.68%. The median rate was 0.990%. The low rate was 0.960%.

The bills have an issue date of Oct. 12 and are due Nov. 9.

Tenders totaled $101,452,986,900 and the Treasury accepted $35,000,026,900, including $552,598,900 non-competitive.

The Fed banks bought nothing for their own account.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.
Gary Siegel

Gary Siegel

Gary Siegel has been at The Bond Buyer since 1989, currently covering economic indicators and the Federal Reserve system.