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 3.09.

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Tenders at the high rate were allotted 58.15%. The median rate was 0.740%. The low rate was 0.720%.

The bills have an issue date of April 13 and are due May 11.

Tenders totaled $169,824,751,300 and the Treasury accepted $55,000,213,800, including $342,544,600 non-competitive.

The Fed banks bought nothing for their own account.

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