For Immediate Release CONTACT: Office of Financing
June 03, 2009 202-504-3550
TREASURY AUCTION RESULTS
Term and Type of Security 11-Day Bill
CUSIP Number 9127952E0
High Rate1 0.160%
Allotted at High 35.21%
Price 99.995111
Investment Rate2 0.162%
Median Rate3 0.140%
Low Rate4 0.090%
Issue Date June 04, 2009
Maturity Date June 15, 2009
Tendered Accepted
Competitive $86,620,000,000 $25,994,575,000
Noncompetitive $5,713,000 $5,713,000
FIMA (Noncompetitive) $0 $0
Subtotal5 $86,625,713,000 $26,000,288,0006
SOMA $0 $0
Total $86,625,713,000 $26,000,288,000
Tendered Accepted
Primary Dealer7 $71,450,000,000 $21,468,945,000
Direct Bidder8 $9,160,000,000 $3,598,025,000
Indirect Bidder9 $6,010,000,000 $927,605,000
Total Competitive $86,620,000,000 $25,994,575,000
1 6
All tenders at lower rates were accepted in full. Awards to combined Treasury Direct systems = $0.
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: $86,625,713,000/$26,000,288,000 = 3.33