The Treasury Department Tuesday auctioned $35 billion of four-week bills at a 0.180% high yield, a price of 99.986000.
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The coupon equivalent was 0.183%. The bid-to-cover ratio was 3.68.
Tenders at the high rate were allotted 63.81%. The median rate was 0.160%. The low rate was 0.120%.
The bills have an issue date of Sept. 22 and are due Oct. 20.
Tenders totaled $128,768,762,800 and the Treasury accepted $35,000,053,600, including $263,405,800 non-competitive.
The Fed banks bought nothing for their own account.
