The Treasury Department Wednesday auctioned $32 billion of four-week bills at a 0.155% high yield, a price of 99.987944.
The coupon equivalent was 0.157%. The bid-to-cover ratio was 4.42. Tenders at the high rate were allotted 0.87%.
The median yield was 0.140%. The low yield was 0.110%.
The bills have an issue date of July 22 and are due Aug. 19. Tenders totaled $141,596,689,300 and the Treasury accepted $32,001,735,800.
Federal Reserve banks bought $2,418,028,000 for their own account.