The Treasury Department Tuesday auctioned $45 billion of four-week bills at a 0.515% high yield, a price of 99.959944.
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The coupon equivalent was 0.522%. The bid-to-cover ratio was 3.41.
Tenders at the high rate were allotted 74.46%. The median rate was 0.500%. The low rate was 0.450%.
The bills have an issue date of Feb. 16 and are due March 16.
Tenders totaled $153,353,411,400 and the Treasury accepted $45,000,351,400, including $321,477,700 non-competitive.
The Fed banks bought nothing for their own account.
