NEW YORK - The Treasury Department Tuesday auctioned $30 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 4.79.

Tenders at the high rate were allotted 11.45%. The median yield was 0.030%. The low yield was zero.

The bills have an issue date of June 7 and are due July 5.

Tenders totaled $143,846,051,100 and the Treasury accepted $30,000,201,100, including $284,932,900 non-competitive.

The Fed banks bought $3,781,546,000 for their own account in exchange for maturing securities.

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