NEW YORK - The Treasury Department Tuesday auctioned $30 billion of four-week bills at a 0.100% high yield, a price of 99.992222.
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The coupon equivalent was 0.101%. The bid-to-cover ratio was 3.91.
Tenders at the high rate were allotted 78.26%. The median yield was 0.090%. The low yield was 0.070%.
The bills have an issue date of September 16 and are due October 14.
Tenders totaled $117,295,880,500 and the Treasury accepted $30,000,105,500, including $305,545,100 non-competitive.
The Fed banks bought $2,418,028,000 for their own account in exchange for maturing securities.
