The Treasury Department Tuesday auctioned $35 billion of four-week bills at a 0.200% high yield, a price of 99.984444.
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The coupon equivalent was 0.203%. The bid-to-cover ratio was 3.60.
Tenders at the high rate were allotted 49.05%. The median rate was 0.185%. The low rate was 0.150%.
The bills have an issue date of April 14 and are due May 12.
Tenders totaled $126,015,401,900 and the Treasury accepted $35,001,014,400, including $250,751,100 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
