The Treasury Department Tuesday auctioned $45 billion of four-week bills at a 1.295% high yield, a price of 99.899278.
![treasury-dept-bldg](https://arizent.brightspotcdn.com/dims4/default/ec63afd/2147483647/strip/true/crop/7598x5839+0+0/resize/740x569!/quality/90/?url=https%3A%2F%2Fsource-media-brightspot.s3.us-east-1.amazonaws.com%2F17%2F17%2Fe984c1004f1d91431b90a968f73b%2Ftreasury-dept-bldg.jpg)
The previous four-week bills went at a high yield of 1.280%.
The coupon equivalent was 1.314%. The bid-to-cover ratio was 2.99.
Tenders at the high rate were allotted 47.48%. The median rate was 1.270%. The low rate was 1.250%.
The bills have an issue date of Jan. 18 and are due Feb. 15.
Tenders totaled $134,674,100,300 and the Treasury accepted $45,000,040,300, including $555,733,600 non-competitive.
The Fed banks bought nothing for their own account.