The Treasury Department Tuesday auctioned $20 billion of 364-day bills at a 1.365% high yield, a price of 98.619833.

The coupon equivalent was 1.398%. The bid-to-cover ratio was 3.27.

Tenders at the high rate were allotted 72.47%. The median yield was 1.340%. The low yield was 1.310%.

Bloomberg News

The bills have an issue date of Oct. 12 and are due Oct. 11, 2018.

Tenders totaled $65,425,759,100 and the Treasury accepted $20,000,056,100, including $229,301,100 non-competitive.

The Fed banks bought nothing for their own account in exchange for maturing securities.

Treasury also auctioned $35 billion of four-week bills at a 1.015% high yield, a price of 99.921056.

The coupon equivalent was 1.030%. The bid-to-cover ratio was 2.90.

Tenders at the high rate were allotted 33.68%. The median rate was 0.990%. The low rate was 0.960%.

The bills have an issue date of Oct. 12 and are due Nov. 9.

Tenders totaled $101,452,986,900 and the Treasury accepted $35,000,026,900, including $552,598,900 non-competitive.

The Fed banks bought nothing for their own account.

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