The Treasury Department Tuesday auctioned $40 billion of four-week bills at a 0.160% high yield, a price of 99.987556.
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The coupon equivalent was 0.162%. The bid-to-cover ratio was 3.60.
Tenders at the high rate were allotted 48.07%. The median rate was 0.130%. The low rate was 0.100%.
The bills have an issue date of Sept. 29 and are due Oct. 27.
Tenders totaled $143,972,672,100 and the Treasury accepted $40,000,025,100, including $281,870,100 non-competitive.
The Fed banks bought nothing for their own account.
