The Treasury Department Tuesday auctioned $55 billion of four-week bills at a 0.750% high yield, a price of 99.941667.
James Pruitt, Qingwa, LLC/qingwa - Fotolia
The coupon equivalent was 0.761%. The bid-to-cover ratio was 3.25.
Tenders at the high rate were allotted 33.32%. The median rate was 0.730%. The low rate was 0.700%.
The bills have an issue date of April 20 and are due May 18.
Tenders totaled $178,997,231,500 and the Treasury accepted $55,000,521,500, including $406,105,100 non-competitive.
The Fed banks bought nothing for their own account.
