The Treasury Department Tuesday auctioned $55 billion of four-week bills at a 0.760% high yield, a price of 99.940889.

The coupon equivalent was 0.771%. The bid-to-cover ratio was 3.03.


Tenders at the high rate were allotted 92.22%. The median rate was 0.735%. The low rate was 0.710%.

The bills have an issue date of April 6 and are due May 4.

Tenders totaled $166,630,251,400 and the Treasury accepted $55,000,171,400, including $397,618,900 non-competitive.

The Fed banks bought nothing for their own account.

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