The Treasury Department yesterday auctioned $18 billion of four-week bills at a 1.520% high yield, a price of 99.881778.
The coupon equivalent was 1.543%. The bid-to-cover ratio was 3.33. Tenders at the high rate were allotted 72.33%. The median yield was 1.490%. The low yield was 1.430%. The bills have an issue date of April 3 and are due May 1.