The Treasury Department Tuesday auctioned $45 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 3.94.

Tenders at the high rate were allotted 21.65%. The median rate was 0.020%. The low rate was zero.

The bills have an issue date of December 5 and are due January 2, 2014.

Tenders totaled $177,267,205,900 and the Treasury accepted $45,000,805,900, including $236,303,900 non-competitive.

The Fed banks bought nothing for their own account in exchange for maturing securities.

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