NEW YORK - The Treasury Department today auctioned $24 billion of four-week bills at a 0.050% high yield, a price of 99.996111.
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The coupon equivalent was 0.051%. The bid-to-cover ratio was 4.31.
Tenders at the high rate were allotted 58.00%. The median yield was 0.030%. The low yield was zero.
The bills have an issue date of Oct. 15 and are due Nov. 12.
Tenders totaled $103,372,409,800 and the Treasury accepted $24,000,669,800, including $297,964,800 non-competitive.
The Fed banks bought $2,418,028,000 for their own account in exchange for maturing securities.
