NEW YORK - The Treasury Department today auctioned $32 billion of four-week bills at a 0.085% high yield, a price of 99.993389.
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The coupon equivalent was 0.086%. The bid-to-cover ratio was 3.70.
Tenders at the high rate were allotted 58.75%. The median yield was 0.060%. The low yield was 0.030%.
The bills have an issue date of June 24 and are due July 22.
Tenders totaled $118,303,426,200 and the Treasury accepted $32,000,176,200, including $279,952,200 non-competitive.
The Fed banks bought $2,418,028,000 for their own account in exchange for maturing securities.
