Treasury 4-Weeks Auctioned at 0.005% High Yield

The Treasury Department Tuesday auctioned $35 billion of four-week bills at a 0.005% high yield, a price of 99.999611.

The coupon equivalent was 0.005%. The bid-to-cover ratio was 4.73.

Tenders at the high rate were allotted 13.53%. The median rate was zero. The low rate was zero.

The bills have an issue date of Sept. 11 and are due Oct. 9.

Tenders totaled $165,393,948,000 and the Treasury accepted $35,000,406,000, including $231,803,600 non-competitive.

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