The Treasury Department Tuesday auctioned $25 billion of four-week bills at a 0.020% high yield, a price of 99.998444.
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The coupon equivalent was 0.020%. The bid-to-cover ratio was 4.67.
Tenders at the high rate were allotted 39.28%. The median rate was 0.015%. The low rate was 0.010%.
The bills have an issue date of April 3 and are due May 1.
Tenders totaled $116,851,727,400 and the Treasury accepted $25,000,267,400, including $246,056,400 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
