The Treasury Department Tuesday auctioned $45 billion of four-week bills at a 0.070% high yield, a price of 99.994556.
The coupon equivalent was 0.071%. The bid-to-cover ratio was 4.26.
Tenders at the high rate were allotted 95.91%. The median rate was 0.065%. The low rate was 0.050%.
The bills have an issue date of April 4 and are due May 2.
Tenders totaled $191,502,378,700 and the Treasury accepted $45,001,251,200, including $258,592,700 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
