NEW YORK - The Treasury Department Tuesday auctioned $30 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 4.88.
Tenders at the high rate were allotted 54.60%. The median yield was 0.075%. The low yield was 0.050%.
The bills have an issue date of May 3 and are due May 31.
Tenders totaled $146,318,597,900 and the Treasury accepted $30,000,301,600, including $266,497,400 non-competitive.
The Fed banks bought $5,937,991,000 for their own account in exchange for maturing securities.
