The Treasury Department Tuesday auctioned $45 billion of four-week bills at a 0.200% high yield, a price of 99.984444.
Processing Content
The coupon equivalent was 0.203%. The bid-to-cover ratio was 3.28.
Tenders at the high rate were allotted 44.66%. The median rate was 0.185%. The low rate was 0.100%.
The bills have an issue date of March 31 and are due April 28.
Tenders totaled $147,541,591,600 and the Treasury accepted $45,000,188,300, including $318,461,600 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
