The Treasury Department Tuesday auctioned $40 billion of four-week bills at a 0.050% high yield, a price of 99.996111.
Processing Content
The coupon equivalent was 0.051%. The bid-to-cover ratio was 3.43.
Tenders at the high rate were allotted 36.96%. The median rate was 0.030%. The low rate was zero.
The bills have an issue date of March 19 and are due April 16.
Tenders totaled $142,780,000,100 and the Treasury accepted $40,001,000,000, including $244,000,000 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
