NEW YORK - The Treasury Department Tuesday auctioned $34 billion of four-week bills at a 0.160% high yield, a price of 99.987556.
The coupon equivalent was 0.162%. The bid-to-cover ratio was 4.02.
Tenders at the high rate were allotted 82.28%. The median yield was 0.140%. The low yield was 0.100%.
The bills have an issue date of September 2 and are due September 30.
Tenders totaled $136,808,853,800 and the Treasury accepted $34,000,151,800, including $264,222,000 non-competitive.
The Fed banks bought $3,781,546,000 for their own account in exchange for maturing securities.
