The Treasury Department Tuesday auctioned $36 billion of four-week bills at a 0.035% high yield, a price of 99.997278.
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The coupon equivalent was 0.035%. The bid-to-cover ratio was 4.02.
Tenders at the high rate were allotted 22.12%. The median rate was 0.025%. The low rate was 0.020%.
The bills have an issue date of Nov. 6 and are due Dec. 4.
Tenders totaled $144,895,390,400 and the Treasury accepted $36,002,590,400, including $258,166,000 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
