The Treasury Department Tuesday auctioned $35 billion of four-week bills at a 0.010% high yield, a price of 99.999222.
The coupon equivalent was 0.010%. The bid-to-cover ratio was 4.45.
Tenders at the high rate were allotted 3.79%. The median rate was zero. The low rate was zero.
The bills have an issue date of September 12 and are due October 10.
Tenders totaled $155,821,755,200 and the Treasury accepted $35,001,872,800, including $243,315,200 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.