The Treasury Department Tuesday auctioned $65 billion of four-week bills at a 0.340% high yield, a price of 99.974500.
The coupon equivalent was 0.345%. The bid-to-cover ratio was 3.24.
Tenders at the high rate were allotted 26.64%. The median rate was 0.300%. The low rate was 0.250%.
The bills have an issue date of Nov. 25 and are due Dec. 22.
Tenders totaled $178,115,151,700 and the Treasury accepted $55,000,431,700, including $252,096,700 non-competitive.
The Fed banks bought nothing for their own account.
