The Treasury Department Tuesday auctioned $45 billion of four-week bills at a 0.200% high yield, a price of 99.984444.
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The coupon equivalent was 0.20%. The bid-to-cover ratio was 3.44.
Tenders at the high rate were allotted 30.21%. The median rate was 0.180%. The low rate was 0.100%.
The bills have an issue date of Jan. 7 and are due Feb. 4.
Tenders totaled $154,615,129,100 and the Treasury accepted $45,000,474,100, including $289,691,100 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
