NEW YORK - The Treasury Department today auctioned $31 billion of four-week bills at a 0.080% high yield, a price of 99.993778.
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The coupon equivalent was 0.081%. The bid-to-cover ratio was 4.34.
Tenders at the high rate were allotted 76.46%. The median yield was 0.070%. The low yield was 0.040%.
The bills have an issue date of March 4 and are due April 1.
Tenders totaled $134,549,176,000 and the Treasury accepted $31,000,064,000, including $238,949,000 non-competitive.
The Fed banks bought $2,418,028,000 for their own account in exchange for maturing securities.
