Treasury 4-Weeks Auctioned at 0.015% High Yield

The Treasury Department Tuesday auctioned $40 billion of four-week bills at a 0.015% high yield, a price of 99.998833.

The coupon equivalent was 0.015%. The bid-to-cover ratio was 3.39.

Tenders at the high rate were allotted 8.29%. The median rate was zero. The low rate was zero.

The bills have an issue date of July 9 and are due Aug. 6.

Tenders totaled $135,683,723,900 and the Treasury accepted $40,000,028,900, including $254,967,400 non-competitive.

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