The Treasury Department Tuesday auctioned $35 billion of four-week bills at a 0.060% high yield, a price of 99.995333.
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The coupon equivalent was 0.061%. The bid-to-cover ratio was 4.27.
Tenders at the high rate were allotted 36.39%. The median rate was 0.055%. The low rate was 0.040%.
The bills have an issue date of March 20 and are due April 17.
Tenders totaled $149,473,602,600 and the Treasury accepted $35,000,587,600, including $206,264,500 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
