Treasury 4-Weeks Auctioned at 0.010% High Yield

The Treasury Department Tuesday auctioned $30 billion of four-week bills at a 0.010% high yield, a price of 99.999222.

The coupon equivalent was 0.010%. The bid-to-cover ratio was 3.77.

Tenders at the high rate were allotted 28.33%. The median rate was zero. The low rate was zero.

The bills have an issue date of Jan. 8 and are due Feb. 5.

Tenders totaled $112,956,694,000 and the Treasury accepted $30,000,519,000, including $257,989,900 non-competitive.

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