The Treasury Department yesterday auctioned $25 billion of four-week bills at a 0.100% high yield, a price of 99.992222.
The coupon equivalent was 0.101%. The bid-to-cover ratio was 3.00.
Tenders at the high rate were allotted 5.77%. The median yield was 0.000%. The low yield was 0.000%.
The bills have an issue date of Oct. 16 and are due Nov. 13.
Tenders totaled $80,381,763,000 and the Treasury accepted $26,442,547,000, including $557,495,000 of noncompetitive.