The Treasury Department Tuesday auctioned $20 billion of 364-day bills at a 1.485% high yield, a price of 98.498500.

The coupon equivalent was 1.523%. The bid-to-cover ratio was 3.34.

Treasury building.
Treasury building.

Tenders at the high rate were allotted 22.27%. The median yield was 1.470%. The low yield was 1.435%.

The bills have an issue date of Nov. 9 and are due Nov. 8, 2018.

Tenders totaled $66,756,555,600 and the Treasury accepted $20,000,038,100, including $236,155,600 non-competitive.

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

Treasury also auctioned $50 billion of four-week bills at a 1.035% high yield, a price of 99.919500.

The coupon equivalent was 1.050%. The bid-to-cover ratio was 3.01.

Tenders at the high rate were allotted 44.43%. The median rate was 1.010%. The low rate was 0.990%.

The bills have an issue date of Nov. 9 and are due Dec. 7.

Tenders totaled $150,258,850,900 and the Treasury accepted $50,000,105,900, including $548,872,900 non-competitive.

The Fed banks bought nothing for their own account.

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