The Treasury Department Tuesday auctioned $30 billion of four-week bills at a 0.015% high yield, a price of 99.998833.
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The coupon equivalent was 0.015%. The bid-to-cover ratio was 4.01.
Tenders at the high rate were allotted 71.00%. The median rate was 0.010%. The low rate was zero.
The bills have an issue date of April 23 and are due May 21.
Tenders totaled $120,290,422,100 and the Treasury accepted $30,000,422,100, including $236,198,100 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
