The Treasury Department Tuesday auctioned $8 billion of four-week bills at a 0.030% high yield, a price of 99.997667.
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The coupon equivalent was 0.030%. The bid-to-cover ratio was 5.88.
Tenders at the high rate were allotted 85.46%. The median rate was 0.020%. The low rate was zero.
The bills have an issue date of February 13, and are due March 13.
Tenders totaled $47,065,028,300 and the Treasury accepted $8,000,163,300, including $247,028,300 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
