The Treasury Department yesterday auctioned $17 billion of four-week bills at a 0.040% high yield, a price of 99.996889.

The coupon equivalent was 0.041%. The bid-to-cover ratio was 4.98. Tenders at the high rate were allotted 80.07%. The median yield was 0.010%. The low yield was zero.

Tenders totaled $84,628,822,200 and the Treasury accepted $17,000,213,500, including $244,424,500 of noncompetitive.

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