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 08, 2003 202-691-3550
RESULTS OF TREASURY'S AUCTION OF 4-WEEK BILLS
Term: 28-Day Bill
Issue Date: April 10, 2003
Maturity Date: May 08, 2003
CUSIP Number: 912795ML2
High Rate: 1.165% Investment Rate 1/: 1.191% Price: 99.909
All noncompetitive and successful competitive bidders were awarded
securities at the high rate. Tenders at the high discount rate were
allotted 58.73%. All tenders at lower rates were accepted in full.
AMOUNTS TENDERED AND ACCEPTED (in thousands)
Tender Type Tendered Accepted
----------- ----------------- -----------------
Competitive $ 40,373,300 $ 18,955,183
Noncompetitive 45,579 45,579
FIMA (noncompetitive) 0 0
----------------- -----------------
SUBTOTAL 40,418,879 19,000,762
Federal Reserve 2,123,179 2,123,179
----------------- -----------------
TOTAL $ 42,542,058 $ 21,123,941
Median rate 1.160%: 50% of the amount of accepted competitive tenders
was tendered at or below that rate. Low rate 1.150%: 5% of the amount
of accepted competitive tenders was tendered at or below that rate.
Bid-to-Cover Ratio = 40,418,879 / 19,000,762 = 2.13
1/ Equivalent coupon-issue yield.
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