The Treasury Department Tuesday auctioned $35 billion of four-week bills at a 0.960% high yield, a price of 99.925333.

The coupon equivalent was 0.974%. The bid-to-cover ratio was 3.18.

Tenders at the high rate were allotted 12.08%. The median rate was 0.935%. The low rate was 0.910%.

The bills have an issue date of Sept. 21 and are due Oct. 19.

Tenders totaled $111,204,194,400 and the Treasury accepted $35,000,314,400, including $492,381,900 non-competitive.

The Fed banks bought nothing for their own account.

Treasury building.
Treasury building.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.