The Treasury Department Tuesday auctioned $35 billion of four-week bills at a 0.940% high yield, a price of 99.926889.
The coupon equivalent was 0.954%. The bid-to-cover ratio was 3.02.
Tenders at the high rate were allotted 56.62%. The median rate was 0.920%. The low rate was 0.900%.
The bills have an issue date of Aug. 17 and are due Sept. 14.
Tenders totaled $105,618,610,400 and the Treasury accepted $35,000,160,400, including $479,000,400 non-competitive.
The Fed banks bought nothing for their own account.
Treasury also auctioned $20 billion of 364-day bills at a 1.230% high yield, a price of 98.756333.
The coupon equivalent was 1.259%. The bid-to-cover ratio was 3.25.
Tenders at the high rate were allotted 15.39%. The median yield was 1.200%. The low yield was 1.175%.
The bills have an issue date of Aug. 17 and are due Aug. 16, 2018.
Tenders totaled $65,097,686,400 and the Treasury accepted $20,000,099,900, including $227,686,400 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.