NEW YORK - The Treasury Department Tuesday auctioned $35 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 4.75.
Tenders at the high rate were allotted 3.88%. The median yield was zero. The low yield was zero.
The bills have an issue date of Nov. 3 and are due Dec. 1.
Tenders totaled $166,128,361,800 and the Treasury accepted $35,001,115,800, including $242,830,800 non-competitive.
The Fed banks bought $6,285,071,700 for their own account in exchange for maturing securities.
