NEW YORK - The Treasury Department today auctioned $23 billion of four-week bills at a 0.150% high yield, a price of 99.988333.
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The coupon equivalent was 0.152%. The bid-to-cover ratio was 4.82.
Tenders at the high rate were allotted 0.87%. The median yield was 0.135%. The low yield was 0.100%.
The bills have an issue date of May 6 and are due June 3.
Tenders totaled $110,873,341,000 and the Treasury accepted $23,001,251,000, including $276,941,000 non-competitive.
The Fed banks bought $5,937,991,000 for their own account in exchange for maturing securities.
