The Treasury Department Tuesday auctioned $25 billion of 364-day bills at a 0.110% high yield, a price of 99.888778.
The coupon equivalent was 0.112%. The bid-to-cover ratio was 4.27.
Tenders at the high rate were allotted 13.57%. The median yield was 0.100%. The low yield was 0.090%.
The bills have an issue date of July 24 and are due July 23, 2015
Tenders totaled $106,764,164,200 and the Treasury accepted $25,000,775,200, including $122,364,200 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
