The Treasury Department Tuesday auctioned $30 billion of four-week bills at a 0.075% high yield, a price of 99.994167.
The coupon equivalent was 0.076%. The bid-to-cover ratio was 4.53.
Tenders at the high rate were allotted 10.44%. The median yield was 0.065%. The low yield was 0.050%.
The bills have an issue date of July 19 and are due Aug. 16.
Tenders totaled $135,862,152,500 and the Treasury accepted $30,000,672,500, including $280,817,100 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.