The Treasury Department Tuesday auctioned $50 billion of four-week bills at a 0.040% high yield, a price of 99.996889.
Processing Content
The coupon equivalent was 0.041%. The bid-to-cover ratio was 3.52.
Tenders at the high rate were allotted 10.64%. The median rate was 0.020%. The low rate was zero.
The bills have an issue date of Dec. 11 and are due Jan. 8, 2015.
Tenders totaled $176,161,091,600 and the Treasury accepted $50,000,971,600, including $279,311,500 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
