The Treasury Department yesterday auctioned $32 billion of four-week bills at a 0.050% high yield and a price of 99.996111.

The coupon equivalent was 0.051%. The bid-to-cover ratio was 2.64.

Tenders at the high rate were allotted 82.76%. The median yield was 0.000%. The low yield was 0.000%.

Tenders totaled $84,567,636,400 and the Treasury accepted $32,000,048,400, including $410,870,400 of noncompetitive.

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