US sells $89 bln in 13-week bills, $77 bln in 26-week bills

NEW YORK, March 23 (Reuters) - The U.S. Treasury's auction on Monday of $89 billion in 13-week bills yielded a high rate of 3.635%, awarding 58.3% of bids at that rate, according to Treasury data.

The bill auction saw a bid-to-cover ratio, a measure of demand, of 2.84.

The department also sold $77 billion in 26-week bills, with a high yield of 3.63% and a bid-to-cover ratio of 3.03%.