The Treasury Department Tuesday auctioned $45 billion of four-week bills at a 0.050% high yield, a price of 99.996111.
The coupon equivalent was 0.051%. The bid-to-cover ratio was 4.43.
Tenders at the high rate were allotted 92.95%. The median rate was 0.045%. The low rate was 0.020%.
The bills have an issue date of April 18 and are due May 16.
Tenders totaled $199,448,340,300 and the Treasury accepted $45,000,065,300, including $261,530,300 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
