NEW YORK - The Treasury Department Tuesday auctioned $25 billion of four-week bills at a 0.175% high yield, a price of 99.986389.
Processing Content
The coupon equivalent was 0.177%. The bid-to-cover ratio was 4.66.
Tenders at the high rate were allotted 10.96%. The median yield was 0.160%. The low yield was 0.105%.
The bills have an issue date of December 2 and are due December 30.
Tenders totaled $116,487,961,300 and the Treasury accepted $25,001,101,300, including $252,317,300 non-competitive.
The Fed banks bought $6,285,071,700 for their own account in exchange for maturing securities.
