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 3.51.

Tenders at the high rate were allotted 88.85%. The median rate was zero. The low rate was zero.

The bills have an issue date of June 4 and are due July 2.

Tenders totaled $122,894,099,800 and the Treasury accepted $35,000,287,300, including $263,573,600 non-competitive.

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