The Treasury Department Tuesday auctioned $30 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 4.19.
Tenders at the high rate were allotted 1.09%. The median rate was 0.015%. The low rate was 0.010%.
The bills have an issue date of July 3 and are due July 31.
Tenders totaled $125,669,882,500 and the Treasury accepted $30,000,417,500, including $233,209,700 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
