The Treasury Department Tuesday auctioned $30 billion of four-week bills at a 0.350% high yield, a price of 99.972778.

The coupon equivalent was 0.355%. The bid-to-cover ratio was 2.75.

Tenders at the high rate were allotted 50.67%. The median rate was 0.250%. The low rate was 0.150%.

The bills have an issue date of October 10 and are due November 7.

Tenders totaled $82,532,944,000 and the Treasury accepted $30,000,489,000, including $269,863,000 non-competitive.

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

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