The Treasury Department today auctioned $32 billion of four-week bills at a 0.125% high yield, a price of 99.990278.
The coupon equivalent was 0.127%. The bid-to-cover ratio was 3.59. Tenders at the high rate were allotted 15.33%. The median yield was 0.100%. The low yield was 0.050%. Tenders totaled $114,741,223,500 and the Treasury accepted $32,000,108,500, including $326,059,500 non-competitive.