The Treasury Department Tuesday auctioned $22 billion of 52-week bills at a 0.305% yield and a price of 99.691611.
The bid-to-cover ratio was 4.72.
Tenders at the high yield were allotted 22.89%. All competitive tenders at lower yields were accepted in full.
The median yield was 0.295%. The low yield was 0.250%.
Tenders totaled $103,949,263,900 and the Treasury accepted $22,000,872,900, including $221,263,900 of noncompetitive.
Federal Reserve banks did not buy any for their own accounts.
The notes, dated Feb. 10, will mature Feb. 9, 2012.