The Treasury Department yesterday auctioned $22 billion of four-week bills at a 0.080% high yield, a price of 99.993778.
The coupon equivalent was 0.081%. The bid-to-cover ratio was 4.08.
Tenders at the high rate were allotted 55.39%. The median yield was 0.050%. The low yield was 0.000%.
The bills have an issue date of April 16 and are due May 14.
Tenders totaled $89,662,240,800 and the Treasury accepted $22,000,431,100, including $343,906,800 of noncompetitive.
Federal Reserve banks bought $3,781,546,000 for their own accounts in exchange for maturing securities.