NEW YORK - The Treasury Department Wednesday auctioned $30 billion of four-week bills at a 0.020% high yield, a price of 99.998444.

The coupon equivalent was 0.020%. The bid-to-cover ratio was 4.77.

Tenders at the high rate were allotted 72.17%. The median yield was 0.015%. The low yield was zero.

The bills have an issue date of Jan. 26 and are due Feb. 23.

Tenders totaled $142,978,671,600 and the Treasury accepted $30,001,605,500, including $238,998,200 non-competitive.

The Fed banks bought $6,285,071,700 for their own account in exchange for maturing securities.


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