Treasury 4-weeks high yield up in Nov. 21 auction

Register now

The Treasury Department Tuesday auctioned $45 billion of four-week bills at a 1.130% high yield, a price of 99.915250.

The coupon equivalent was 1.147%. The bid-to-cover ratio was 2.99.

Tenders at the high rate were allotted 11.13%. The median rate was 1.095%. The low rate was 1.070%.

The bills have an issue date of Nov. 24 and are due Dec. 21.

Tenders totaled $134,535,210,600 and the Treasury accepted $45,000,100,600, including $539,371,900 non-competitive.

The Fed banks bought nothing for their own account.

Treasury also auctioned $13 billion of one-year 11-month floating rate notes with a high discount margin of 0.035%, at a 0.048% spread, a price of 100.024939.

The bid-to-cover ratio was 3.69.

Tenders at the high margin were allotted 56.94%.

The median discount margin was 0.029%. The low discount margin was 0.020%.

Tenders totaled $47,909,797,900 and the Treasury accepted $13,000,127,900, including $22,797,900 non-competitive.

The Fed banks bought nothing for their own account.

The notes are dated Oct. 31 and due Oct. 31, 2019.

The index determination date is November 13 and the index determination rate is 1.240%.

For reprint and licensing requests for this article, click here.
Treasury bonds Treasurys Discount bills
MORE FROM BOND BUYER