The Treasury on Tuesday auctioned $30 billion of four-week bills at a 0.030% high yield and a price of 99.997667.
The coupon equivalent was 0.030%. The bid-to-cover ratio was 4.77. Tenders at the high rate were allotted 15.12%. The median yield was 0.020%. The low yield was zero. The bills have an issue date of April 28 and are due May 26.
Tenders totaled $143,228,410,800 and the Treasury accepted $30,000,690,800, including $221,140,800 of noncompetitive. Federal Reserve banks bought $2,418,028,000 for their own account in exchange for maturing securities.