The Treasury Department yesterday auctioned $15 billion of four-week bills at a 1.750% high yield, a price of 99.863889.

The coupon equivalent was 1.782%. The bid-to-cover ratio was 3.97.

Tenders at the high rate were allotted 67.05%. The median yield was 1.690%. The low yield was 1.500%.

The bills have an issue date of Jan. 24 and are due Feb. 21.

Tenders totaled $59,504,576,000 and the Treasury accepted $15,000,076,000, including $379,076,000 of noncompetitive.

Federal Reserve banks bought nothing for their own account in exchange for maturing securities.

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