The Treasury Department Tuesday auctioned $45 billion of four-week bills at a 0.520% high yield, a price of 99.959556.
The coupon equivalent was 0.527%. The bid-to-cover ratio was 3.54.
Tenders at the high rate were allotted 48.69%. The median rate was 0.505%. The low rate was 0.450%.
The bills have an issue date of Jan. 19 and are due Feb. 16.
Tenders totaled $159,197,305,500 and the Treasury accepted $45,000,398,000, including $294,859,800 non-competitive.
The Fed banks bought nothing for their own account.