NEW YORK - The Treasury Department today auctioned $28 billion of four-week bills at a 0.045% high yield, a price of 99.996375.
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The coupon equivalent was 0.046%. The bid-to-cover ratio was 4.62.
Tenders at the high rate were allotted 45.65%. The median yield was 0.020%. The low yield was zero.
The bills have an issue date of Oct. 29 and are due Nov. 27.
Tenders totaled $129,423,906,700 and the Treasury accepted $28,000,206,700, including $279,975,700 non-competitive.
The Fed banks bought $3,781,546,000 for their own account in exchange for maturing securities.
