NEW YORK - The Treasury Department today auctioned $31 billion of four-week bills at a 0.155% high yield, a price of 99.987944.
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The coupon equivalent was 0.157%. The bid-to-cover ratio was 3.87.
Tenders at the high rate were allotted 37.71%. The median yield was 0.145%. The low yield was 0.100%.
The bills have an issue date of May 27 and are due June 24.
Tenders totaled $120,069,229,300 and the Treasury accepted $31,000,655,800, including $290,478,500 non-competitive.
The Fed banks bought $2,418,028,000 for their own account in exchange for maturing securities.
