NEW YORK - The Treasury Department Tuesday auctioned $28 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 4.46.
Tenders at the high rate were allotted 43.19%. The median yield was zero. The low yield was zero.
The bills have an issue date of June 9 and are due July 7.
Tenders totaled $124,905,886,500 and the Treasury accepted $28,000,129,000, including $223,264,500 non-competitive.
The Fed banks bought $3,781,546,000 for their own account in exchange for maturing securities.
