The Treasury Department yesterday auctioned $30 billion of four-week bills at a 1.790% high yield, a price of 99.860778.
The coupon equivalent was 1.817%. The bid-to-cover ratio was 2.92.
Tenders at the high rate were allotted 26.92%. The median yield was 1.740%. The low yield was 1.600%.
The bills have an issue date of Aug. 21 and are due Sept. 18.
Tenders totaled $87,195,885,800 and the Treasury accepted $29,000,531,300, including $469,820,800 non-competitive.
The Federal Reserve banks bought $3,317,700,700 for their own account in exchange for maturing securities.
