The Treasury Department Tuesday auctioned $32 billion of four-week bills at a 0.010% high yield, a price of 99.999222.
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The coupon equivalent was 0.010%. The bid-to-cover ratio was 4.56.
Tenders at the high rate were allotted 12.73%. The median rate was 0.005%. The low rate was zero.
The bills have an issue date of Oct. 9 and are due Nov. 6.
Tenders totaled $145,846,043,700 and the Treasury accepted $32,002,114,100, including $234,649,300 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
