The Treasury Department Tuesday auctioned $45 billion of four-week bills at a 1.005% high yield, a price of 99.919042.

Bloomberg News

The coupon equivalent was 1.020%. The bid-to-cover ratio was 3.30.

Tenders at the high rate were allotted 58.57%. The median rate was 0.980%. The low rate was 0.965%.

The bills have an issue date of Oct. 26 and are due Nov. 24.

Tenders totaled $148,653,654,700 and the Treasury accepted $45,000,054,700, including $542,070,000 non-competitive.

The Fed banks bought nothing for their own account.

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