The Treasury Department Wednesday auctioned $30 billion of four-week bills at a 0.060% high yield, a price of 99.995333.

The coupon equivalent was 0.061%. The bid-to-cover ratio was 4.86.

Tenders at the high rate were allotted 24.15%. The median rate was 0.050%. The low rate was 0.030%.

The bills have an issue date of Jan. 24 and are due Feb. 21.

Tenders totaled $145,698,792,500 and the Treasury accepted $30,001,217,500, including $302,314,500 non-competitive.

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

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