NEW YORK - The Treasury Department Tuesday auctioned $25 billion of four-week bills at a 0.125% high yield, a price of 99.990278.
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The coupon equivalent was 0.127%. The bid-to-cover ratio was 4.31.
Tenders at the high rate were allotted 61.88%. The median yield was 0.110%. The low yield was 0.080%.
The bills have an issue date of November 18 and are due December 16.
Tenders totaled $107,770,927,300 and the Treasury accepted $25,000,307,300, including $275,736,100 non-competitive.
The Fed banks bought $5,937,991,000 for their own account in exchange for maturing securities.
