The Treasury Department Tuesday auctioned $35 billion of four-week bills at a 0.190% high yield, a price of 99.985222.
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The coupon equivalent was 0.193%. The bid-to-cover ratio was 3.83.
Tenders at the high rate were allotted 25.11%. The median rate was 0.170%. The low rate was 0.100%.
The bills have an issue date of April 28 and are due May 26.
Tenders totaled $133,999,383,800 and the Treasury accepted $35,000,259,300, including $312,771,800 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
