The Treasury Department Tuesday auctioned $35 billion of four-week bills at a 0.005% high yield and a price of 99.999611.
The coupon equivalent was 0.005%. The bid-to-cover ratio was 4.75. Tenders at the high rate were allotted 3.88%. The median yield was zero. The low yield was zero. The bills have an issue date of Nov. 3 and are due Dec. 1.
Tenders totaled $166,128,361,800 and the Treasury accepted $35,001,115,800, including $242,830,800 of noncompetitive. Federal Reserve banks bought $6,285,071,700 for their own accounts.