The Treasury Department yesterday auctioned $34 billion of four-week bills at a 1.500% high yield, a price of 99.883333.
The coupon equivalent was 1.523%. The bid-to-cover ratio was 2.48. Tenders at the high rate were allotted 50.08%. The median yield was 1.350%. The low yield was 1.150%.
Tenders totaled $84,232,485,400 and the Treasury accepted $34,000,125,400, including $585,045,400 of noncompetitive.
Fed Reserve banks bought $2,914,729,700 for their own account.