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 4.57.
Tenders at the high rate were allotted 26.02%. The median yield was zero. The low yield was zero.
The bills have an issue date of June 30 and are due July 28.
Tenders totaled $127,974,309,700 and the Treasury accepted $28,000,744,700, including $223,494,700 non-competitive.
The Fed banks bought $5,937,991,000 for their own account in exchange for maturing securities.
