NEW YORK - The Treasury Department Tuesday auctioned $35 billion of four-week bills at a 0.010% high yield, a price of 99.999222.
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The coupon equivalent was 0.010%. The bid-to-cover ratio was 4.15.
Tenders at the high rate were allotted 93.85%. The median yield was zero. The low yield was zero.
The bills have an issue date of Aug. 18 and are due Sept. 15.
Tenders totaled $145,144,107,600 and the Treasury accepted $35,000,478,100, including $205,773,500 non-competitive.
The Fed banks bought $2,418,028,000 for their own account in exchange for maturing securities.
