The Treasury Department today auctioned $35 billion of four-week bills at a zero high yield, a price of par.
The coupon equivalent was zero. The bid-to-cover ratio was 4.77. Tenders at the high rate were allotted 16.18%.
Tenders totaled $268,248,479,500 and the Treasury accepted $35,005,749,300, including $238,689,700 non-competitive.
The Federal Reserve banks bought $2,418,028,000 for their own account in exchange for maturing securities.