The Treasury Department Tuesday auctioned $65 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 3.39.
Tenders at the high rate were allotted 98.58%. The median rate was 0.260%. The low rate was 0.240%.
The bills have an issue date of Nov. 10 and are due Dec. 8.
Tenders totaled $220,323,832,500 and the Treasury accepted $65,000,298,500, including $380,735,500 non-competitive.
The Fed banks bought nothing for their own account.
