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 4.31.
Tenders at the high rate were allotted 0.67%. The median rate was 0.020%. The low rate was 0.010%.
The bills have an issue date of June 19 and are due July 16.
Tenders totaled $129,179,918,900 and the Treasury accepted $30,002,209,900, including $259,365,900 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
