The Treasury Department auctioned $42 billion of 26-week bills at a high yield of 1.575% on Monday.
The coupon equivalent was 1.610%, and the price was 99.203750.
The median bid was 1.555%. The low bid was 1.535%.
Tenders at the high rate were allotted 56.64%. The bid-to-cover ratio was 3.11.
Tenders totaled $130,727,866,200 and the Treasury accepted $42,000,106,200, including $582,523,200 of non-competitive.
The Fed banks bought nothing for themselves.