The Treasury Department yesterday auctioned $34 billion of four-week bills at a 0.160% high yield, a price of 99.987556.
The coupon equivalent was 0.162%. The bid-to-cover ratio was 3.40.
Tenders at the high rate were allotted 26.08%. The median yield was 0.140%. The low yield was 0.100%.
The bills have an issue date of July 9 and are due Aug. 6.
Tenders totaled $115,259,325,000 and the Treasury accepted $33,615,885,000, including $279,648,800 of noncompetitive.
Federal Reserve banks bought $3,781,546,000 for their own account in exchange for maturing securities.