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