NEW YORK - The Treasury Department today auctioned $31 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 4.22.
Tenders at the high rate were allotted 8.27%. The median yield was 0.135%. The low yield was 0.110%.
The bills have an issue date of May 13 and are due June 10.
Tenders totaled $130,898,032,900 and the Treasury accepted $31,000,406,200, including $248,215,700 non-competitive.
The Fed banks bought $3,781,546,000 for their own account in exchange for maturing securities.
