The Treasury Department Wednesday auctioned $40 billion of four-week bills at a 0.015% high yield, a price of 99.998833.
Processing Content
The coupon equivalent was 0.015%. The bid-to-cover ratio was 4.49.
Tenders at the high rate were allotted 51.11%. The median rate was 0.010%. The low rate was zero.
The bills have an issue date of Sept. 4 and are due Oct. 2.
Tenders totaled $179,405,751,600 and the Treasury accepted $40,000,586,600, including $224,947,100 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
