NEW YORK - The Treasury Department today auctioned $23 billion of four-week bills at a 0.010% high yield, a price of 99.999222.
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The coupon equivalent was 0.010%. The bid-to-cover ratio was 3.95.
Tenders at the high rate were allotted 12.36%. The median yield was zero. The low yield was zero.
The bills have an issue date of Dec. 31 and are due Jan. 28, 2010.
Tenders totaled $90,929,369,900 and the Treasury accepted $23,000,270,900, including $276,481,900 non-competitive.
The Fed banks bought $6,285,071,700 for their own account in exchange for maturing securities.
