The Treasury Department Wednesday auctioned $45 billion of four-week bills at a 0.030% high yield, a price of 99.997667.
The coupon equivalent was 0.030%. The bid-to-cover ratio was 4.41.
Tenders at the high rate were allotted 59.13%. The median rate was 0.025%. The low rate was zero.
The bills have an issue date of May 30 and are due June 27.
Tenders totaled $185,202,435,300 and the Treasury accepted $45,000,085,300, including $226,335,300 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.