The Treasury Department Tuesday auctioned $45 billion of four-week bills at a 0.065% high yield, a price of 99.995125.

The coupon equivalent was 0.066%. The bid-to-cover ratio was 3.78.

Tenders at the high rate were allotted 52.02%. The median rate was 0.055%. The low rate was zero.

The bills have an issue date of November 29 and are due December 26.

Tenders totaled $170,042,998,900 and the Treasury accepted $45,001,048,900, including $258,789,100 non-competitive.

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

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