NEW YORK - The Treasury Department today auctioned $31 billion of four-week bills at a 0.090% high yield, a price of 99.993000.
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The coupon equivalent was 0.091%. The bid-to-cover ratio was 4.32.
Tenders at the high rate were allotted 3.60%. The median yield was 0.075%. The low yield was zero.
The bills have an issue date of June 10 and are due July 8.
Tenders totaled $133,859,231,600 and the Treasury accepted $31,000,631,600, including $245,979,400 non-competitive.
The Fed banks bought $3,781,546,000 for their own account in exchange for maturing securities.
