NEW YORK - The Treasury Department today auctioned $24 billion of four-week bills at a 0.045% high yield, a price of 99.996500.
Processing Content
The coupon equivalent was 0.046%. The bid-to-cover ratio was 4.50.
Tenders at the high rate were allotted 28.32%. The median yield was 0.030%. The low yield was zero.
The bills have an issue date of Oct. 22 and are due Nov. 19.
Tenders totaled $107,990,181,800 and the Treasury accepted $24,000,018,600, including $257,942,800 non-competitive.
The Fed banks bought $5,937,991,000 for their own account in exchange for maturing securities.
