NEW YORK - The Treasury Department Tuesday 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 4.30.
Tenders at the high rate were allotted 7.43%. The median yield was 0.140%. The low yield was 0.120%.
The bills have an issue date of July 29 and are due August 26.
Tenders totaled $133,450,180,100 and the Treasury accepted $31,000,053,100, including $260,820,100 non-competitive.
The Fed banks bought $5,937,991,000 for their own account in exchange for maturing securities.
