NEW YORK - The Treasury Department Tuesday auctioned $25 billion of four-week bills at a 0.065% high yield, a price of 99.994944.
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The coupon equivalent was 0.066%. The bid-to-cover ratio was 4.75.
Tenders at the high rate were allotted 74.86%. The median yield was 0.045%. The low yield was 0.030%.
The bills have an issue date of December 30 and are due January 27, 2011.
Tenders totaled $118,705,636,200 and the Treasury accepted $25,000,045,200, including $198,792,200 non-competitive.
The Fed banks bought $6,285,071,700 for their own account in exchange for maturing securities.
