Treasury 4-Weeks Auctioned at 0.035% High Yield

The Treasury Department Tuesday auctioned $45 billion of four-week bills at a 0.035% high yield, a price of 99.997278.

The coupon equivalent was 0.035%. The bid-to-cover ratio was 4.41.

Tenders at the high rate were allotted 59.13%. The median rate was 0.025%. The low rate was 0.010%.

The bills have an issue date of May 23 and are due June 20.

Tenders totaled $198,603,415,800 and the Treasury accepted $45,000,735,800, including $234,630,300 non-competitive.

The Fed banks bought nothing for their own account in exchange for maturing securities.

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