Treasury 4-Weeks Auctioned at 0.005% High Yield

The Treasury Department Tuesday auctioned $30 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 4.05.

Tenders at the high rate were allotted 94.21%. The median rate was zero. The low rate was zero.

The bills have an issue date of March 5 and are due April 2.

Tenders totaled $121,411,658,200 and the Treasury accepted $30,000,234,200, including $295,199,100 non-competitive.

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