The Treasury Department yesterday auctioned $30 billion of four-week bills at a 1.790% high yield, a price of 99.860778.

The coupon equivalent was 1.817%. The bid-to-cover ratio was 2.92.

Tenders at the high rate were allotted 26.92%. The median yield was 1.740%. The low yield was 1.600%.

The bills have an issue date of Aug. 21 and are due Sept. 18.

Tenders totaled $87,195,885,800 and the Treasury accepted $29,000,531,300, including $469,820,800 non-competitive.

The Federal Reserve banks bought $3,317,700,700 for their own account in exchange for maturing securities.

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