NEW YORK - The Treasury Department Tuesday auctioned $40 billion of four-week bills at a 0.045% high yield, a price of 99.996500.
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The coupon equivalent was 0.046%. The bid-to-cover ratio was 4.03.
Tenders at the high rate were allotted 62.00%. The median yield was 0.025%. The low yield was zero.
The bills have an issue date of March 31 and are due April 28.
Tenders totaled $161,250,529,400 and the Treasury accepted $40,000,529,400, including $243,758,400 non-competitive.
The Fed banks bought $2,418,028,000 for their own account in exchange for maturing securities.
