The Treasury Department yesterday auctioned $17 billion of one-year bills at a 2.295% high yield, a price of 97.679500.

The coupon equivalent was 2.368%. The bid-to-cover ratio was 2.54. Tenders at the high rate were allotted 18.54%.

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.