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 3.73.
Tenders at the high rate were allotted 40.47%. The median rate was zero. The low rate was zero.
The bills have an issue date of July 2 and are due July 30.
Tenders totaled $112,033,720,800 and the Treasury accepted $30,000,170,800, including $279,313,600 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
