The Treasury Department Tuesday auctioned $60 billion of four-week bills at a 0.275% high yield, a price of 99.978611.
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The coupon equivalent was 0.279%. The bid-to-cover ratio was 3.44.
Tenders at the high rate were allotted 87.29%. The median rate was 0.265%. The low rate was 0.250%.
The bills have an issue date of March 10 and are due April 7.
Tenders totaled $206,291,525,400 and the Treasury accepted $60,000,422,900, including $271,199,600 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
