The Treasury Department Tuesday auctioned $30 billion of four-week bills at a 0.030% high yield, a price of 99.997667.
The coupon equivalent was 0.030%. The bid-to-cover ratio was 4.55.
Tenders at the high rate were allotted 26.44%. The median rate was 0.020%. The low rate was zero.
The bills have an issue date of June 27 and are due July 25.
Tenders totaled $136,375,119,800 and the Treasury accepted $30,001,059,800, including $253,341,300 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
