The Treasury Department auctioned $44 billion of 13-week bills at a high yield of 1.320% on Monday.

Bloomberg News

The coupon equivalent was 1.343%, and the price was 99.666333.

The median rate was 1.300% while the low rate was 1.250%.

Tenders at the high rate were allotted 83.02%. The bid-to-cover ratio was 2.99.

Tenders totaled $134,523,031,200 and the Treasury accepted $45,000,441,200, including $593,001,200 of non-competitive.

The Fed banks bought nothing for themselves.

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