The Treasury Department Tuesday auctioned $25 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 5.00.
Tenders at the high rate were allotted 91.28%. The median rate was 0.020%. The low rate was 0.010%.
The bills have an issue date of April 17 and are due May 15.
Tenders totaled $125,029,303,400 and the Treasury accepted $25,001,075,400, including $237,755,900 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
