NEW YORK - The Treasury Department Tuesday auctioned $30 billion of four-week bills at a 0.050% high yield, a price of 99.996111.

The coupon equivalent was 0.051%. The bid-to-cover ratio was 4.54.

Tenders at the high rate were allotted 21.71%. The median yield was 0.040%. The low yield was 0.020%.

The bills have an issue date of June 21 and are due July 10.

Tenders totaled $136,297,887,800 and the Treasury accepted $30,000,833,800, including $259,726,000 non-competitive.

The Fed banks bought $2,418,028,000 for their own account in exchange for maturing securities.

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