NEW YORK - The Treasury Department today auctioned $31 billion of four-week bills at a 0.105% high yield, a price of 99.991833.
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The coupon equivalent was 0.106%. The bid-to-cover ratio was 4.29.
Tenders at the high rate were allotted 88.57%. The median yield was 0.090%. The low yield was zero.
The bills have an issue date of March 25 and are due April 22.
Tenders totaled $133,080,327,700 and the Treasury accepted $31,000,136,700, including $255,730,400 non-competitive.
The Fed banks bought $6,285,071,700 for their own account in exchange for maturing securities.
