The Treasury Department Tuesday auctioned $35 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 4.32.
Tenders at the high rate were allotted 65.71%. The median rate was 0.015%. The low rate was zero.
The bills have an issue date of July 17 and are due Aug. 14.
Tenders totaled $151,107,771,500 and the Treasury accepted $35,001,356,500, including $233,046,500 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
