The Treasury Department Tuesday auctioned $25 billion of four-week bills at a 0.125% high yield and a price of 99.989528.
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 Nov. 4 and are due Dec. 2.
Tenders totaled $125,136,453,300 and the Treasury accepted $25,000,238,300, including $247,534,300 of noncompetitive.