The Treasury Department Tuesday auctioned $45 billion of four-week bills at a 0.075% high yield, a price of 99.994167.
The coupon equivalent was 0.076%. The bid-to-cover ratio was 4.10.
Tenders at the high rate were allotted 36.59%. The median rate was 0.065%. The low rate was 0.040%.
The bills have an issue date of March 28 and are due April 25.
Tenders totaled $184,337,264,200 and the Treasury accepted $45,000,236,700, including $254,354,300 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.