NEW YORK - The Treasury Department today auctioned $10 billion of four-week bills at a 0.005% high yield, a price of 99.999611.
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The coupon equivalent was 0.005%. The bid-to-cover ratio was 5.69.
Tenders at the high rate were allotted 2.86%. The median yield was zero. The low yield was zero.
The bills have an issue date of Jan. 21 and are due Feb. 11.
Tenders totaled $56,861,250,900 and the Treasury accepted $10,000,176,900, including $202,647,900 non-competitive.
The Fed banks bought $3,781,546,000 for their own account in exchange for maturing securities.
