The Treasury Department Tuesday auctioned $31 billion of four-week bills at a 0.150% high yield an a price of 99.988333. The coupon equivalent was 0.152%. The bid-to-cover ratio was 4.51. Tenders at the high rate were allotted 2.20%.
The median yield was 0.140%. The low yield was 0.100%. The bills have an issue date of Aug. 5 and are due Sept. 2. Tenders totaled $139,754,325,000 and the Treasury accepted $31,001,585,000, including $272,851,000 noncompetitive.