NEW YORK - The Treasury Department Tuesday auctioned $35 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 4.55.
Tenders at the high rate were allotted 51.38%. The median yield was 0.090%. The low yield was 0.060%.
The bills have an issue date of February 17 and are due March 17.
Tenders totaled $159,315,119,800 and the Treasury accepted $35,000,254,800, including $233,622,800 non-competitive.
The Fed banks bought $3,781,546,000 for their own account in exchange for maturing securities.
