The Treasury Department Wednesday auctioned $45 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 4.08.

Tenders at the high rate were allotted 56.30%. The median rate was 0.050%. The low rate was 0.040%.

The bills have an issue date of November 14 and are due December 12.

Tenders totaled $183,383,213,400 and the Treasury accepted $45,001,138,400, including $231,554,600 non-competitive.

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

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