The Treasury Department Tuesday auctioned $8 billion of four-week bills at a 0.130% high yield, a price of 99.989889.
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The coupon equivalent was 0.132%. The bid-to-cover ratio was 4.50.
Tenders at the high rate were allotted 35.79%. The median rate was 0.110%. The low rate was 0.050%.
The bills have an issue date of February 6, and are due March 6.
Tenders totaled $36,036,581,700 and the Treasury accepted $8,000,009,200, including $217,302,900 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
