WASHINGTON - The Treasury yesterday sold $15.33 billion of one-year bills at an average discount rate of 3.40%, unchanged fro the previous auction on May 27.

The coupon equivalent was 3.54%. The average price was 96.562.

The Treasury received $41.92 billion of tenders for the bills and accepted $15.33 billion, including $519 million offered noncompetitively from the public and $4.09 billion from Federal Reserve Banks for themselves and as agents of foreign and international monetary authorities, all at the average. The New York Federal Reserve District applied for $39.54 billion of the bills and received $14.46 billion.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.