The Treasury Department Tuesday auctioned $45 billion of four-week bills at a 0.080% high yield, a price of 99.993778.
The coupon equivalent was 0.081%. The bid-to-cover ratio was 4.39.
Tenders at the high rate were allotted 41.39%. The median rate was 0.070%. The low rate was 0.050%.
The bills have an issue date of March 21 and are due April 18.
Tenders totaled $197,354,390,400 and the Treasury accepted $45,000,676,900, including $306,658,700 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
