The Treasury Department Tuesday auctioned $15 billion of four-week bills at a zero high yield, a price of par.
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The coupon equivalent was zero. The bid-to-cover ratio was 6.36.
Tenders at the high rate were allotted 28.27%. The median rate was zero. The low rate was zero.
The bills have an issue date of January 16, and are due February 13.
Tenders totaled $95,384,950,800 and the Treasury accepted $15,003,255,400, including $253,142,800 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
