NEW YORK - The Treasury Department Tuesday auctioned $30 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 4.39.
Tenders at the high rate were allotted 54.86%. The median yield was zero. The low yield was zero.
The bills have an issue date of Sept. 1 and are due Sept. 29.
Tenders totaled $131,759,249,100 and the Treasury accepted $30,000,761,700, including $216,611,200 non-competitive.
The Fed banks bought $3,781,546,000 for their own account in exchange for maturing securities.
