The Treasury Department Tuesday auctioned $10 billion of four-week bills at a 0.050% high yield, a price of 99.996111.
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The coupon equivalent was 0.051%. The bid-to-cover ratio was 4.92.
Tenders at the high rate were allotted 21.78%. The median rate was 0.040%. The low rate was zero.
The bills have an issue date of January 30, and are due February 27.
Tenders totaled $49,185,246,300 and the Treasury accepted $10,000,006,300, including $255,040,300 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
