The Treasury Department Tuesday auctioned $30 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 4.68.
Tenders at the high rate were allotted 57.73%. The median rate was 0.025%. The low rate was 0.010%.
The bills have an issue date of June 12 and are due July 10.
Tenders totaled $140,270,176,000 and the Treasury accepted $30,000,321,000, including $252,375,900 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
