The Treasury Department Tuesday 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 3.86.
Tenders at the high rate were allotted 39.32%. The median rate was 0.050%. The low rate was 0.030%.
The bills have an issue date of November 21 and are due December 19.
Tenders totaled $173,879,609,400 and the Treasury accepted $45,000,539,400, including $226,958,100 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.