The Treasury Department Tuesday auctioned $35 billion of four-week bills at a 0.025% high yield, a price of 99.998056.
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The coupon equivalent was 0.025%. The bid-to-cover ratio was 4.10.
Tenders at the high rate were allotted 2.87%. The median rate was 0.15%. The low rate was 0.05%.
The bills have an issue date of May 8 and are due June 5.
Tenders totaled $143,436,220,900 and the Treasury accepted $35,001,385,900, including $241,270,900 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
