NEW YORK - The Treasury Department Tuesday auctioned $22 billion of four-week bills at a 0.130% high yield, a price of 99.989528.
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The coupon equivalent was 0.132%. The bid-to-cover ratio was 4.96.
Tenders at the high rate were allotted 38.32%. The median yield was 0.120%. The low yield was 0.090%.
The bills have an issue date of October 28 and are due November 26.
Tenders totaled $109,196,585,500 and the Treasury accepted $22,001,025,500, including $247,060,700 non-competitive.
The Fed banks bought $3,781,546,000 for their own account in exchange for maturing securities.
