NEW YORK - The Treasury Department Tuesday auctioned $25 billion of four-week bills at a 0.145% high yield, a price of 99.988722.
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The coupon equivalent was 0.147%. The bid-to-cover ratio was 4.79.
Tenders at the high rate were allotted 91.15%. The median yield was 0.135%. The low yield was 0.050%.
The bills have an issue date of January 27 and are due February 24.
Tenders totaled $119,720,375,800 and the Treasury accepted $25,000,000,800, including $253,680,800 non-competitive.
The Fed banks bought $6,285,071,700 for their own account in exchange for maturing securities.
