The Treasury Department Tuesday auctioned $50 billion of four-week bills at a 0.485% high yield, a price of 99.962278.
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The coupon equivalent was 0.492%. The bid-to-cover ratio was 3.48.
Tenders at the high rate were allotted 69.28%. The median rate was 0.460%. The low rate was 0.410%.
The bills have an issue date of Dec. 29 and are due Jan. 26, 2017.
Tenders totaled $173,767,109,200 and the Treasury accepted $50,000,149,200, including $290,988,800 non-competitive.
The Fed banks bought nothing for their own account.
