NEW YORK - The Treasury Department today auctioned $31 billion of four-week bills at a 0.110% high yield, a price of 99.991444.
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The coupon equivalent was 0.112%. The bid-to-cover ratio was 3.90.
Tenders at the high rate were allotted 75.56%. The median yield was 0.100%. The low yield was 0.050%.
The bills have an issue date of March 11 and are due April 8.
Tenders totaled $120,953,003,700 and the Treasury accepted $31,000,593,700, including $303,763,700 non-competitive.
The Fed banks bought $5,937,991,000 for their own account in exchange for maturing securities.
