The Treasury Department Tuesday auctioned $35 billion of four-week bills at a 0.040% high yield, a price of 99.996889.
The coupon equivalent was 0.041%. The bid-to-cover ratio was 4.63.
Tenders at the high rate were allotted 45.74%. The median rate was 0.035%. The low rate was 0.020%.
The bills have an issue date of June 13 and are due July 11.
Tenders totaled $138,849,131,200 and the Treasury accepted $30,000,151,200, including $269,871,200 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
