NEW YORK - The Treasury Department Tuesday auctioned $25 billion of four-week bills at a 0.115% high yield, a price of 99.991056.
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The coupon equivalent was 0.117%. The bid-to-cover ratio was 4.72.
Tenders at the high rate were allotted 87.28%. The median yield was 0.100%. The low yield was 0.090%.
The bills have an issue date of September 23 and are due October 21.
Tenders totaled $118,041,482,300 and the Treasury accepted $25,000,386,300, including $262,624,700 non-competitive.
The Fed banks bought $5,937,991,000 for their own account in exchange for maturing securities.
