The Treasury Department yesterday auctioned $31 billion of four-week bills at a 0.520% high yield, a price of 99.959556.

The coupon equivalent was 0.527%. The bid-to-cover ratio was 2.55. Tenders at the high rate were allotted 4.38%. The median yield was 0.480%. The low yield was 0.250%.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.