The Treasury Department Tuesday auctioned $40 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 3.52.
Tenders at the high rate were allotted 64.21%. The median rate was 0.175%. The low rate was 0.120%.
The bills have an issue date of June 9 and are due July 7.
Tenders totaled $140,864,599,700 and the Treasury accepted $40,000,364,700, including $259,695,700 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
