The Treasury Department Tuesday auctioned $50 billion of four-week bills at a 1.045% high yield, a price of 99.918722.
The coupon equivalent was 1.060%. The bid-to-cover ratio was 3.13.
Tenders at the high rate were allotted 80.11%. The median rate was 1.030%. The low rate was 1.000%.
The bills have an issue date of Nov. 16 and are due Dec. 14.
Tenders totaled $156,324,268,800 and the Treasury accepted $50,000,240,800, including $557,581,300 non-competitive.
The Fed banks bought nothing for their own account.
![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)