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 3.47.
Tenders at the high rate were allotted 44.65%. The median rate was 0.240%. The low rate was 0.200%.
The bills have an issue date of Aug. 4 and are due Sept. 1.
Tenders totaled $173,290,583,100 and the Treasury accepted $50,000,033,100, including $243,178,100 non-competitive.
The Fed banks bought nothing for their own account.
