The Treasury Department Tuesday auctioned $55 billion of four-week bills at a 0.265% high yield, a price of 99.979389.
The coupon equivalent was 0.269%. The bid-to-cover ratio was 3.55.
Tenders at the high rate were allotted 28.29%. The median rate was 0.250%. The low rate was 0.210%.
The bills have an issue date of Feb. 11 and are due March 10.
Tenders totaled $195,462,014,500 and the Treasury accepted $55,000,037,000, including $266,293,700 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
