The Treasury Department Tuesday auctioned $35 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 4.31.
Tenders at the high rate were allotted 95.52%. The median rate was 0.025%. The low rate was 0.010%.
The bills have an issue date of October 24 and are due November 21.
Tenders totaled $151,001,883,200 and the Treasury accepted $35,000,939,200, including $216,573,900 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
