The Treasury Department Tuesday auctioned $30 billion of four-week bills at a 0.035% high yield, a price of 99.997278.

The coupon equivalent was 0.035%. The bid-to-cover ratio was 4.58.

Tenders at the high rate were allotted 83.64%. The median rate was 0.030%. The low rate was zero.

The bills have an issue date of Jan. 31 and are due Feb. 28.

Tenders totaled $137,346,507,800 and the Treasury accepted $30,000,997,800, including $240,271,400 non-competitive.

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

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