The Treasury Department Tuesday auctioned $30 billion of four-week bills at a 0.025% high yield, a price of 99.998056.
The coupon equivalent was 0.025%. The bid-to-cover ratio was 4.93.
Tenders at the high rate were allotted 70.17%. The median rate was 0.020%. The low rate was zero.
The bills have an issue date of May 2 and are due May 30.
Tenders totaled $147,841,511,400 and the Treasury accepted $30,000,886,700, including $260,967,400 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
