The Treasury Department Wednesday auctioned $45 billion of four-week bills at a 0.060% high yield, a price of 99.995333.
The coupon equivalent was 0.061%. The bid-to-cover ratio was 4.08.
Tenders at the high rate were allotted 56.30%. The median rate was 0.050%. The low rate was 0.040%.
The bills have an issue date of November 14 and are due December 12.
Tenders totaled $183,383,213,400 and the Treasury accepted $45,001,138,400, including $231,554,600 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.