The Treasury Department yesterday auctioned $36 billion of four-week bills at a 0.150% high yield, a price of 99.988333.
The coupon equivalent was 0.152%. The bid-to-cover ratio was 3.47. Tenders at the high rate were allotted 65.36%. The median yield was 0.130%. The low yield was 0.090%.
The bills have an issue date of July 1 and are due July 29. Tenders totaled $125,031,909,300 and the Treasury accepted $36,000,917,300, including $293,187,900 of noncompetitive.
Federal Reserve banks bought $5,937,991,000 for their own account in exchange for maturing securities.
