U.S. 1-year bills high rate 3.980%
TLT•Auction structure
Dutch auctions are also called uniform-price auctions. Successful bidders pay only the price of the lowest accepted bid, rather than the actual price they bid as in a multiple-price auction.
U.S. Treasury 1-year bill auction results
WASHINGTON, Sept. 1 (Reuters) - The U.S. Treasury Department said its Dutch bidding auction of 1-year bills brought these results:
1-year bills
Rates
- High 3.980%
- Median 3.965%
- Low 3.700%
- Investment 4.161%
Price/acceptances
- Price 95.975778
- Accepted at high 34.18%
- Bid-to-cover ratio 3.61
Amounts tendered and accepted (dollars)
- Total accepted 52,000,198,400
- Total public bids tendered 187,731,779,900
- Competitive bids accepted 50,543,831,500
- Noncompetitive bids accepted 1,354,666,900
- Fed add-ons 3,134,846,500
Bills details
