The Treasury Department auctioned $39 billion of 26-week bills at a high yield of 1.460% on Monday.

Bloomberg News

The coupon equivalent was 1.491%, and the price was 99.261889.

The median bid was 1.430%. The low bid was 1.400%. Tenders at the high rate were allotted 14.27%. The bid-to-cover ratio was 3.26.

Tenders totaled $127,210,419,900 and the Treasury accepted $39,000,297,400, including $483,000,900 of non-competitive.

The Fed banks bought nothing for themselves.

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