Treasury 4-Weeks Auctioned at 0.015% High Yield

The Treasury Department Tuesday auctioned $30 billion of four-week bills at a 0.015% high yield, a price of 99.998875.

The coupon equivalent was 0.015%. The bid-to-cover ratio was 3.67.

Tenders at the high rate were allotted 21.11%. The median rate was zero. The low rate was zero.

The bills have an issue date of Jan. 2 and are due Jan. 29, 2015.

Tenders totaled $110,164,027,800 and the Treasury accepted $30,000,102,800, including $244,198,800 non-competitive.

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