The Treasury Department Tuesday auctioned $55 billion of four-week bills at a 0.745% high yield, a price of 99.942056.
The coupon equivalent was 0.756%. The bid-to-cover ratio was 3.21.
Tenders at the high rate were allotted 56.40%. The median rate was 0.720%. The low rate was 0.680%.
The bills have an issue date of March 30 and are due April 27.
Tenders totaled $176,289,850,100 and the Treasury accepted $55,000,250,100, including $419,770,100 non-competitive.
The Fed banks bought nothing for their own account.
