NEW YORK - The Treasury Department today auctioned $34 billion of four-week bills at a 0.160% high yield, a price of 99.987556.
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The coupon equivalent was 0.162%. The bid-to-cover ratio was 3.56.
Tenders at the high rate were allotted 76.03%. The median yield was 0.150%. The low yield was 0.100%.
The bills have an issue date of April 8 and are due May 6.
Tenders totaled $120,614,240,000 and the Treasury accepted $33,720,705,000, including $279,952,000 non-competitive.
The Fed banks bought $5,937,991,000 for their own account in exchange for maturing securities.
