The Treasury Department Tuesday auctioned $45 billion of four-week bills at a 0.980% high yield, a price of 99.923778.
![treasury-seal-BL-m583864](https://arizent.brightspotcdn.com/dims4/default/7a12aed/2147483647/strip/true/crop/3500x2381+0+0/resize/740x503!/quality/90/?url=https%3A%2F%2Fsource-media-brightspot.s3.us-east-1.amazonaws.com%2Fd5%2Fb0%2F31b0a6784790ac593d1b63ca5192%2Ftreasury-seal-bl-m583864.jpg)
The coupon equivalent was 0.994%. The bid-to-cover ratio was 2.95.
Tenders at the high rate were allotted 64.37%. The median rate was 0.945%. The low rate was 0.910%.
The bills have an issue date of July 27 and are due Aug. 24.
Tenders totaled $132,895,043,700 and the Treasury accepted $45,000,058,700, including $410,466,200 non-competitive.
The Fed banks bought nothing for their own account.