The Treasury Department Wednesday auctioned $25 billion of four-week bills at a 0.130% high yield, a price of 99.989889.

The coupon equivalent was 0.132%. The bid-to-cover ratio was 5.23.

Tenders at the high rate were allotted 71.56%. The median yield was 0.120%. The low yield was 0.090%.

The bills have an issue date of Nov. 1 and are due Nov. 29.

Tenders totaled $130,828,079,300 and the Treasury accepted $25,000,589,300, including $161,495,300 non-competitive.

The Fed banks bought nothing for their own account in exchange for maturing securities.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.