The Treasury Department Tuesday auctioned $35 billion of four-week bills at a 0.120% high yield, a price of 99.990667.
The coupon equivalent was 0.122%. The bid-to-cover ratio was 3.09.
Tenders at the high rate were allotted 36.99%. The median rate was 0.095%. The low rate was 0.050%.
The bills have an issue date of October 3 and are due October 31.
Tenders totaled $108,282,410,400 and the Treasury accepted $35,000,155,400, including $275,849,600 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
