The Treasury Department Tuesday auctioned $45 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 4.04.
Tenders at the high rate were allotted 3.08%. The median rate was 0.020%. The low rate was 0.010%.
The bills have an issue date of May 22 and are due June 19.
Tenders totaled $181,634,305,800 and the Treasury accepted $45,0001,425,800, including $229,725,800 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
