The Treasury Department Tuesday auctioned $65 billion of four-week bills at a 0.305% high yield, a price of 99.976278.
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The coupon equivalent was 0.309%. The bid-to-cover ratio was 3.29.
Tenders at the high rate were allotted 57.16%. The median rate was 0.275%. The low rate was 0.200%.
The bills have an issue date of Nov. 17 and are due Dec. 15.
Tenders totaled $213,699,650,200 and the Treasury accepted $65,000,250,200, including $275,645,900 non-competitive.
The Fed banks bought nothing for their own account.
