The Treasury Department Tuesday 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 August 19.

Tenders totaled $141,596,689,300 and the Treasury accepted $32,001,735,800, with no noncompetitive. Federal Reserve banks bought $2,418,028,000 for their own account in exchange for maturing securities.

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