The Treasury Department Tuesday auctioned $55 billion of four-week bills at a 0.270% high yield, a price of 99.979000.
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The coupon equivalent was 0.274%. The bid-to-cover ratio was 3.38.
Tenders at the high rate were allotted 76.68%. The median rate was 0.260%. The low rate was 0.240%.
The bills have an issue date of Aug. 11 and are due Sept. 8.
Tenders totaled $185,718,933,000 and the Treasury accepted $55,000,493,200, including $267,515,600 non-competitive.
The Fed banks bought nothing for their own account.
