The Treasury Department Tuesday auctioned $50 billion of four-week bills at a 0.260% high yield, a price of 99.979778.
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The coupon equivalent was 0.264%. The bid-to-cover ratio was 3.09.
Tenders at the high rate were allotted 0.27%. The median rate was 0.230%. The low rate was 0.100%.
The bills have an issue date of June 30 and are due July 28.
Tenders totaled $154,585,683,800 and the Treasury accepted $50,000,398,800, including $275,252,000 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
