The Treasury Department Tuesday auctioned $55 billion of four-week bills at a 0.770% high yield, a price of 99.940111.
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The coupon equivalent was 0.781%. The bid-to-cover ratio was 3.40.
Tenders at the high rate were allotted 81.75%. The median rate was 0.760%. The low rate was 0.700%.
The bills have an issue date of March 16 and are due April 13.
Tenders totaled $186,838,692,700 and the Treasury accepted $55,001,580,200, including $336,499,000 non-competitive.
The Fed banks bought nothing for their own account.
