NEW YORK - The Treasury Department today auctioned $32 billion of four-week bills at a 0.060% high yield, a price of 99.995333.
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The coupon equivalent was 0.061%. The bid-to-cover ratio was 3.97.
Tenders at the high rate were allotted 89.14%. The median yield was 0.040%. The low yield was 0.020%.
The bills have an issue date of Feb. 18 and are due March 18.
Tenders totaled $127,112,001,600 and the Treasury accepted $32,000,261,600, including $210,598,600 non-competitive.
The Fed banks bought $3,781,546,000 for their own account in exchange for maturing securities.
