NEW YORK - The Treasury Department Tuesday auctioned $25 billion of four-week bills at a 0.120% high yield, a price of 99.990667.
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The coupon equivalent was 0.122%. The bid-to-cover ratio was 4.73.
Tenders at the high rate were allotted 20.09%. The median yield was 0.105%. The low yield was 0.090%.
The bills have an issue date of January 6 and are due February 3.
Tenders totaled $118,188,821,800 and the Treasury accepted $25,000,409,300, including $254,463,100 non-competitive.
The Fed banks bought $2,418,028,000 for their own account in exchange for maturing securities.
