The Treasury Department Tuesday auctioned $45 billion of four-week bills at a 0.065% high yield, a price of 99.994944.
The coupon equivalent was 0.066%. The bid-to-cover ratio was 4.65.
Tenders at the high rate were allotted 69.38%. The median rate was 0.055%. The low rate was zero.
The bills have an issue date of Feb. 7 and are due March 7.
Tenders totaled $209,367,895,600 and the Treasury accepted $45,001,055,600, including $266,670,600 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.