NEW YORK - The Treasury Department Tuesday auctioned $28 billion of four-week bills at a 0.005% high yield, a price of 99.999661.
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The coupon equivalent was 0.005%. The bid-to-cover ratio was 4.59.
Tenders at the high rate were allotted 68.27%. The median yield was zero. The low yield was zero.
The bills have an issue date of May 5 and are due June 2.
Tenders totaled $128,439,226,800 and the Treasury accepted $28,000,171,800, including $210,851,800 non-competitive.
The Fed banks bought $5,937,991,000 for their own account in exchange for maturing securities.
