The Treasury Department Tuesday auctioned $55 billion of four-week bills at a 0.745% high yield, a price of 99.942056.
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The coupon equivalent was 0.756%. The bid-to-cover ratio was 3.17.
Tenders at the high rate were allotted 57.07%. The median rate was 0.720%. The low rate was 0.680%.
The bills have an issue date of March 23 and are due April 20.
Tenders totaled $174,099,211,300 and the Treasury accepted $55,000,323,800, including $382,961,000 non-competitive.
The Fed banks bought nothing for their own account.
