The Treasury Department Tuesday auctioned $30 billion of four-week bills at a 0.010% high yield, a price of 99.999250.
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The coupon equivalent was 0.010%. The bid-to-cover ratio was 3.74.
Tenders at the high rate were allotted 52.39%. The median rate was zero. The low rate was zero.
The bills have an issue date of Dec. 26 and are due Jan. 22, 2015.
Tenders totaled $112,211,671,400 and the Treasury accepted $30,000,386,400, including $227,601,900 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
