Treasury 4-Weeks Auctioned at 0.005% High Yield

The Treasury Department Wednesday 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 3.55.

Tenders at the high rate were allotted 52.75%. The median rate was zero. The low rate was zero.

The bills have an issue date of Sept. 10 and are due Oct. 8.

Tenders totaled $106,352,158,100 and the Treasury accepted $30,000,235,600, including $252,691,500 non-competitive.

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