The Treasury Department yesterday auctioned $26 billion of four-week bills at a 2.210% high yield, a price of 99.828111.
The coupon equivalent was 2.251%. The bid-to-cover ratio was 2.52.
Tenders at the high rate were allotted 34.17%. The median yield was 2.150%. The low yield was 2.000%.
The bills have an issue date of Feb. 7 and are due March 6.
Tenders totaled $65,621,397,000 and the Treasury accepted $26,000,020,000, including $378,897,000 of noncompetitive.
Federal Reserve banks bought $3,094,212 for their own account in exchange for maturing securities.
