The Treasury Department Tuesday auctioned $35 billion of four-week bills at a 0.055% high yield, a price of 99.995722.
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The coupon equivalent was 0.056%. The bid-to-cover ratio was 4.11.
Tenders at the high rate were allotted 22.75%. The median rate was 0.050%. The low rate was 0.030%.
The bills have an issue date of March 13 and are due April 10.
Tenders totaled $143,895,373,500 and the Treasury accepted $35,002,186,000, including $243,523,500 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
