The Treasury Department Tuesday auctioned $45 billion of four-week bills at a 0.045% high yield, a price of 99.996500.
The coupon equivalent was 0.046%. The bid-to-cover ratio was 3.98.
Tenders at the high rate were allotted 50.51%. The median rate was 0.035%. The low rate was 0.030%.
The bills have an issue date of August 8 and are due September 5.
Tenders totaled $179,246,375,800 and the Treasury accepted $45,000,160,800, including $232,632,000 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
