Treasury 4-Weeks Auctioned at 0.020% High Yield

The Treasury Department Tuesday auctioned $30 billion of four-week bills at a 0.020% high yield, a price of 99.998444.

The coupon equivalent was 0.020%. The bid-to-cover ratio was 3.77.

Tenders at the high rate were allotted 18.54%. The median rate was 0.010%. The low rate was zero.

The bills have an issue date of Oct. 2 and are due Oct. 30.

Tenders totaled $113,232,503,000 and the Treasury accepted $30,000,293,000, including $222,308,500 non-competitive.

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