NEW YORK - The Treasury Department Tuesday auctioned $40 billion of four-week bills at a 0.025% high yield, a price of 99.998056.
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The coupon equivalent was 0.025%. The bid-to-cover ratio was 4.55.
Tenders at the high rate were allotted 5.34%. The median yield was 0.010%. The low yield was zero.
The bills have an issue date of April 14 and are due May 12.
Tenders totaled $182,095,876,000 and the Treasury accepted $40,000,026,000, including $217,902,000 non-competitive.
The Fed banks bought $3,781,546,000 for their own account in exchange for maturing securities.
