The Treasury Department Tuesday auctioned $35 billion of four-week bills at a 0.135% high yield and a price of $99.989500.
The coupon equivalent was 0.137%. The bid-to-cover ratio was 4.47.
Tenders at the high rate were allotted 28.30%. The median yield was 0.125%. The low yield was 0.100%.
The bills have an issue date of Feb. 10 and are due March 10. Tenders totaled $156,577,618,700 and the Treasury accepted $35,000,043,700, including $242,454,700 of noncompetitive.
Federal Reserve banks bought $5,937,991,000 for their own accounts in exchange for maturing securities.
