NEW YORK - The Treasury Department Tuesday auctioned $25 billion of four-week bills at a 0.125% high yield, a price of 99.989528.
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The coupon equivalent was 0.127%. The bid-to-cover ratio was 5.01.
Tenders at the high rate were allotted 85.94%. The median yield was 0.115%. The low yield was 0.100%.
The bills have an issue date of November 4 and are due December 2.
Tenders totaled $125,136,453,300 and the Treasury accepted $25,000,238,300, including $247,534,300 non-competitive.
The Fed banks bought $6,285,071,700 for their own account in exchange for maturing securities.
