The Treasury Department Tuesday auctioned $25 billion of four-week bills at a 0.070% high yield and a price of 99.994556.
The coupon equivalent was 0.071% and the bid-to-cover ratio was 4.08. Tenders at the high rate were allotted 8.05%. The median yield was 0.050% and the low yield was zero.
Tenders totaled $101,955,699,700 and Treasury accepted $25,000,949,700, including $246,451,900 of noncompetitive.