Trea­sury 4-Week Bills Are Sold at High Yield of 0.98%

The Bond Buyer - - Market News - — Gary E. Siegel

The Trea­sury Depart­ment Tues­day auc­tioned $35 bil­lion of four-week bills at a 0.980% high yield, a price of 99.923778.

The coupon equiv­a­lent was 0.994%. The bid-to-cover ra­tio was 3.23.

Ten­ders at the high rate were al­lot­ted 57.07%. The me­dian rate was 0.960%. The low rate was 0.920%. The bills have an is­sue date of Oct. 5 and are due Nov. 2.

Ten­ders to­taled $112,914,270,000 and the Trea­sury ac­cepted $35,000,350,000, in­clud­ing $549,864,000 non-com­pet­i­tive.

The Fed banks bought noth­ing for their own ac­count.

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