The Treasury Department Tuesday auctioned $35 billion of four-week bills at a 1.180% high yield, a price of 99.908222.
Andrew Harrer/Bloomberg
The coupon equivalent was 1.197%. The bid-to-cover ratio was 3.10.
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 Dec. 7 and are due Jan. 4, 2018.
Tenders totaled $108,549,240,200 and the Treasury accepted $35,000,190,200, including $537,964,400 non-competitive.
The Fed banks bought nothing for their own account.
