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    For Immediate Release September 22, 2009

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    The U.S. Treasury auctioned $27 billion of 364-day bills. The high rate was 0.405% and 71.84% of bids were accepted at this price. A total of $84 billion was tendered competitively and $27 billion was accepted, with the median rate being 0.385% and low rate 0.350%.

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    For Immediate Release September 22, 2009

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    The U.S. Treasury auctioned $27 billion of 364-day bills. The high rate was 0.405% and 71.84% of bids were accepted at this price. A total of $84 billion was tendered competitively and $27 billion was accepted, with the median rate being 0.385% and low rate 0.350%.

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    The U.S. Treasury auctioned $27 billion of 364-day bills. The high rate was 0.405% and 71.84% of bids were accepted at this price. A total of $84 billion was tendered competitively and $27 billion was accepted, with the median rate being 0.385% and low rate 0.350%.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    13 views1 page

    For Immediate Release September 22, 2009

    Uploaded by

    api-25887578
    The U.S. Treasury auctioned $27 billion of 364-day bills. The high rate was 0.405% and 71.84% of bids were accepted at this price. A total of $84 billion was tendered competitively and $27 billion was accepted, with the median rate being 0.385% and low rate 0.350%.

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    of 1

    For Immediate Release CONTACT: Office of Financing

    September 22, 2009 202-504-3550

    TREASURY AUCTION RESULTS


    Term and Type of Security 364-Day Bill
    CUSIP Number 912795U90

    High Rate1 0.405%


    Allotted at High 71.84%
    Price 99.590500
    Investment Rate2 0.412%

    Median Rate3 0.385%


    Low Rate4 0.350%

    Issue Date September 24, 2009


    Maturity Date September 23, 2010

    Tendered Accepted
    Competitive $84,232,000,000 $26,797,289,600
    Noncompetitive $202,722,000 $202,722,000
    FIMA (Noncompetitive) $0 $0
    Subtotal5 $84,434,722,000 $27,000,011,6006

    SOMA $0 $0

    Total $84,434,722,000 $27,000,011,600

    Tendered Accepted
    Primary Dealer7 $62,222,000,000 $12,510,800,000
    Direct Bidder8 $3,131,000,000 $741,000,000
    Indirect Bidder9 $18,879,000,000 $13,545,489,600
    Total Competitive $84,232,000,000 $26,797,289,600

    1 6
    All tenders at lower rates were accepted in full. Awards to combined Treasury Direct systems = $139,519,000.
    2 7
    Equivalent coupon-issue yield. Primary dealers as submitters bidding for their own house accounts.
    3 8
    50% of the amount of accepted competitive tenders was tendered at or below Non-Primary dealer submitters bidding for their own house accounts.
    that rate. 9
    Customers placing competitive bids through a direct submitter, including
    4 Foreign and International Monetary Authorities placing bids through the
    5% of the amount of accepted competitive tenders was tendered at or below
    that rate. Federal Reserve Bank of New York.
    5
    Bid-to-Cover Ratio: $84,434,722,000/$27,000,011,600 = 3.13

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