The Treasury Department Tuesday auctioned $45 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 3.38.
Tenders at the high rate were allotted 52.18%. The median rate was 0.005%. The low rate was zero.
The bills have an issue date of May 21 and are due June 18.
Tenders totaled $151,950,157,300 and the Treasury accepted $45,000,082,300, including $236,503,300 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
