NEW YORK - The Treasury Department today auctioned $36 billion of four-week bills at a 0.165% high yield, a price of 99.987167.
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The coupon equivalent was 0.167%. The bid-to-cover ratio was 3.57.
Tenders at the high rate were allotted 88.94%. The median yield was 0.150%. The low yield was 0.130%.
The bills have an issue date of July 8 and are due August 5.
Tenders totaled $128,692,200,800 and the Treasury accepted $36,000,442,800, including $267,037,800 non-competitive.
The Fed banks bought $3,781,546,000 for their own account in exchange for maturing securities.
