The Treasury Department Tuesday auctioned $35 billion of four-week bills at a 0.020% high yield, a price of 99.998444.
The coupon equivalent was 0.020%. The bid-to-cover ratio was 4.62.
Tenders at the high rate were allotted 47.94%. The median rate was 0.015%. The low rate was zero.
The bills have an issue date of July 18 and are due August 15.
Tenders totaled $161,639,570,200 and the Treasury accepted $35,000,192,900, including $281,859,200 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
