The Treasury Department Tuesday auctioned $45 billion of four-week bills at a 0.490% high yield, a price of 99.961889.
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The coupon equivalent was 0.497%. The bid-to-cover ratio was 3.45.
Tenders at the high rate were allotted 21.37%. The median rate was 0.465%. The low rate was 0.450%.
The bills have an issue date of Feb. 2 and are due March 2.
Tenders totaled $155,418,623,500 and the Treasury accepted $45,000,618,500, including $397,952,500 non-competitive.
The Fed banks bought nothing for their own account.
