The Treasury Department yesterday auctioned $20 billion of four-week bills at a 1.840% high yield, a price of 99.856889.

The coupon equivalent was 1.868%. The bid-to-cover ratio was 3.11.

Tenders at the high rate were allotted 0.57%. The median yield was 1.800%. The low yield was 1.750%.

The bills have an issue date of June 19 and are due July 17.

Tenders totaled $62,281,760,900 and the Treasury accepted $20,000,025,900, including $367,942,900 of noncompetitive.

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