PUBLIC DEBT NEWS
Department of the Treasury • Bureau of the Public Debt • Washington, DC 20239
TREASURY SECURITY AUCTION RESULTS
BUREAU OF THE PUBLIC DEBT - WASHINGTON DC
FOR IMMEDIATE RELEASE CONTACT: Office of Financing
April 03, 2007 202-504-3550
RESULTS OF TREASURY'S AUCTION OF 4-WEEK BILLS
Term: 28-Day Bill
Issue Date: April 05, 2007
Maturity Date: May 03, 2007
CUSIP Number: 912795ZE4
High Rate: 5.060% Investment Rate 1/: 5.165% Price: 99.606444
All noncompetitive and successful competitive bidders were awarded
securities at the high rate. Tenders at the high discount rate were
allotted 13.03%. All tenders at lower rates were accepted in full.
AMOUNTS TENDERED AND ACCEPTED (in thousands)
Tender Type Tendered Accepted
----------- ----------------- -----------------
Competitive $ 50,705,340 $ 19,528,040
Noncompetitive 463,062 463,062
FIMA (noncompetitive) 9,100 9,100
----------------- -----------------
SUBTOTAL 51,177,502 20,000,202 2/
Federal Reserve 3,591,195 3,591,195
----------------- -----------------
TOTAL $ 54,768,697 $ 23,591,397
Median rate 5.045%: 50% of the amount of accepted competitive tenders
was tendered at or below that rate. Low rate 5.030%: 5% of the amount
of accepted competitive tenders was tendered at or below that rate.
Bid-to-Cover Ratio = 51,177,502 / 20,000,202 = 2.56
1/ Equivalent coupon-issue yield.
2/ Awards to TREASURY DIRECT = $262,597,000
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