The Treasury Department Tuesday auctioned $40 billion of four-week bills at a 0.995% high yield, a price of 99.922611.
The coupon equivalent was 1.010%. The bid-to-cover ratio was 3.24.
Tenders at the high rate were allotted 19.11%. The median rate was 0.970%. The low rate was 0.900%.
The bills have an issue date of Oct. 19 and are due Nov. 16.
Tenders totaled $129,632,467,500 and the Treasury accepted $40,000,165,700, including $495,731,000 non-competitive.
The Fed banks bought nothing for their own account.
![treasury-building](https://arizent.brightspotcdn.com/dims4/default/c852ce3/2147483647/strip/true/crop/2422x1586+0+0/resize/740x485!/quality/90/?url=https%3A%2F%2Fsource-media-brightspot.s3.us-east-1.amazonaws.com%2F1c%2Fbc%2F697e53864828a539e5996cce6032%2Ftreasury-building.jpg)