The Treasury Department yesterday auctioned $28 billion of four-week bills at a 3.640% high yield, a price of 99.716889.The coupon equivalent was 3.711%. The bid-to-cover ratio was 2.57. The median yield was 3.570%, the low yield 3.500%.

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.