NEW YORK - The Treasury Department Tuesday auctioned $40 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 3.99.

Tenders at the high rate were allotted 69.92%. The median yield was 0.090%. The low yield was 0.070%.

The bills have an issue date of March 22 and are due April 19.

Tenders totaled $159,481,772,000 and the Treasury accepted $40,000,988,000, including $226,990,000 non-competitive.

The Fed banks bought $6,285,071,700 for their own account in exchange for maturing securities.

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