The Treasury Department yesterday auctioned $30 billion of four-week bills at a 0.030% high yield, a price of 99.997667.
The coupon equivalent was 0.030%. The bid-to-cover ratio was 3.07. Tenders at the high rate were allotted 82.56%. The median yield was 0.000%. The low yield was 0.000%. Tenders totaled $92,162,202,600 and the Treasury accepted $30,000,066,600, including $429,557,600 of noncompetitive.
Federal Reserve banks bought $3,781,546,000 for their own account in exchange for maturing securities.
