NEW YORK - The Treasury Department Tuesday auctioned $25 billion of four-week bills at a 0.150% high yield, a price of 99.988750.
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The coupon equivalent was 0.152%. The bid-to-cover ratio was 4.48.
Tenders at the high rate were allotted 11.08%. The median yield was 0.135%. The low yield was 0.090%.
The bills have an issue date of November 26 and are due December 23.
Tenders totaled $111,899,930,000 and the Treasury accepted $25,000,430,000, including $269,322,200 non-competitive.
The Fed banks bought $3,781,546,000 for their own account in exchange for maturing securities.
