The Treasury Department yesterday auctioned $31 billion of four-week bills at a 0.135% high yield, a price of 99.989500.

The coupon equivalent was 0.137%. The bid-to-cover ratio was 3.79. Tenders at the high rate were allotted 31.73%. The median yield was 0.125%. The low yield was 0.080%. Tenders totaled $117,555,325,500 and Treasury accepted $31,000,285,500.

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