The Treasury Department Tuesday auctioned $35 billion of four-week bills at a 0.185% high yield, a price of 99.985611.
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The coupon equivalent was 0.188%. The bid-to-cover ratio was 3.58.
Tenders at the high rate were allotted 6.26%. The median rate was 0.170%. The low rate was 0.150%.
The bills have an issue date of April 7 and are due May 5.
Tenders totaled $125,224,630,500 and the Treasury accepted $35,000,150,500, including $247,604,700 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
