NEW YORK - The Treasury Department Tuesday auctioned $25 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 5.16.
Tenders at the high rate were allotted 71.44%. The median yield was 0.060%. The low yield was zero.
The bills have an issue date of September 30 and are due October 28.
Tenders totaled $128,995,375,600 and the Treasury accepted $25,000,331,600, including $269,950,800 non-competitive.
The Fed banks bought $3,781,546,000 for their own account in exchange for maturing securities.
