NEW YORK - The Treasury Department Tuesday auctioned $28 billion of four-week bills at a 0.015% high yield, a price of 99.998833.
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The coupon equivalent was 0.015%. The bid-to-cover ratio was 4.80.
Tenders at the high rate were allotted 25.92%. The median yield was 0.010%. The low yield was zero.
The bills have an issue date of May 12 and are due June 9.
Tenders totaled $134,405,191,700 and the Treasury accepted $28,000,036,700, including $235,994,700 non-competitive.
The Fed banks bought $3,781,546,000 for their own account in exchange for maturing securities.
