The Treasury Department Tuesday auctioned $50 billion of four-week bills at a 0.030% high yield, a price of 99.997667.
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The coupon equivalent was 0.030%. The bid-to-cover ratio was 3.80.
Tenders at the high rate were allotted 83.83%. The median rate was 0.025%. The low rate was 0.005%.
The bills have an issue date of Aug. 28 and are due Sept. 25.
Tenders totaled $190,051,409,200 and the Treasury accepted $50,000,799,200, including $271,909,200 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
