The Treasury Department Tuesday auctioned $40 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 3.65.
Tenders at the high rate were allotted 15.19%. The median rate was 0.045%. The low rate was 0.030%.
The bills have an issue date of Nov. 28 and are due Dec. 26.
Tenders totaled $145,803,066,900 and the Treasury accepted $40,000,551,900, including $233,562,400 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
