The Treasury Department yesterday auctioned $22 billion of four-week bills at a 0.090% high yield, a price of 99.993000.

The coupon equivalent was 0.091%. The bid-to-cover ratio was 4.49. Tenders at the high rate were allotted 10.76%. The median yield was 0.070%. The low yield was zero.

Tenders totaled $98,699,988,000 and the Treasury accepted $22,000,538,000, including $259,048,000 of noncompetitive.

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