Treasury 4-Weeks Go At 0.160% High Yield

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.

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