The Treasury Department Tuesday auctioned $55 billion of four-week bills at a 0.295% high yield, a price of 99.977056.
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The coupon equivalent was 0.299%. The bid-to-cover ratio was 3.29.
Tenders at the high rate were allotted 30.20%. The median rate was 0.280%. The low rate was 0.240%.
The bills have an issue date of March 3 and are due March 31.
Tenders totaled $180,808,387,100 and the Treasury accepted $55,000,287,100, including $309,807,100 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
