The Treasury Department Tuesday auctioned $45 billion of four-week bills at a 1.170% high yield, a price of 99.909000.
The coupon equivalent was 1.187%. The bid-to-cover ratio was 3.12.
Tenders at the high rate were allotted 15.60%. The median rate was 1.150%. The low rate was 1.120%.
The bills have an issue date of Nov. 30 and are due Dec. 28.
Tenders totaled $140,422,077,500 and the Treasury accepted $45,000,217,500, including $569,281,500 non-competitive.
The Fed banks bought nothing for their own account.