The Treasury Department Wednesday auctioned $12 billion of four-week bills at a zero high yield, a price of par.
Processing Content
The coupon equivalent was zero. The bid-to-cover ratio was 6.63.
Tenders at the high rate were allotted 29.62%. The median rate was zero. The low rate was zero.
The bills have an issue date of January 23, and are due February 20.
Tenders totaled $79,582,167,900 and the Treasury accepted $12,001,867,300, including $208,257,200 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
