The Treasury Department Tuesday auctioned $35 billion of four-week bills at a 0.005% high yield, a price of 99.999611.
Processing Content
The coupon equivalent was 0.005%. The bid-to-cover ratio was 3.79.
Tenders at the high rate were allotted 92.46%. The median rate was zero. The low rate was zero.
The bills have an issue date of June 11 and are due July 9.
Tenders totaled $132,517,030,900 and the Treasury accepted $35,000,506,000, including $252,534,400 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
