NEW YORK - The Treasury Department Tuesday auctioned $23 billion of four-week bills at a 0.070% high yield, a price of 99.994556.
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The coupon equivalent was 0.071%. The bid-to-cover ratio was 4.72.
Tenders at the high rate were allotted 45.27%. The median yield was 0.060%. The low yield was 0.000%.
The bills have an issue date of Aug. 4 and are due Sept. 1.
Tenders totaled $108,414,167,000 and the Treasury accepted $22,802,119,000, including $197,928,900 non-competitive.
The Fed banks bought $3,781,546,000 for their own account in exchange for maturing securities.
