The Treasury Department Tuesday auctioned $45 billion of four-week bills at a 0.255% high yield, a price of 99.980167.
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The coupon equivalent was 0.259%. The bid-to-cover ratio was 3.42.
Tenders at the high rate were allotted 15.16%. The median rate was 0.240%. The low rate was 0.200%.
The bills have an issue date of Sept. 1 and are due Sept. 29.
Tenders totaled $153,984,771,000 and the Treasury accepted $45,000,211,000, including $260,516,000 non-competitive.
The Fed banks bought nothing for their own account.
