The Treasury Department Tuesday auctioned $15 billion of four-week bills at a 0.570% high yield, a price of 99.955667.
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The coupon equivalent was 0.578%. The bid-to-cover ratio was 3.81.
Tenders at the high rate were allotted 97.46%. The median rate was 0.550%. The low rate was 0.500%.
The bills have an issue date of March 9 and are due April 6.
Tenders totaled $57,209,203,200 and the Treasury accepted $15,000,462,900, including $344,750,700 non-competitive.
The Fed banks bought nothing for their own account.
