The Treasury Department Wednesday auctioned $30 billion of four-week bills at a 0.005% high yield, a price of 99.999611.
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The coupon equivalent was 0.005%. The bid-to-cover ratio was 3.74.
Tenders at the high rate were allotted 86.01%. The median rate was zero. The low rate was zero.
The bills have an issue date of Jan. 22 and are due Feb. 19.
Tenders totaled $112,088,165,900 and the Treasury accepted $30,000,665,000, including $269,046,400 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
