NEW YORK - The Treasury Department Tuesday auctioned $30 billion of four-week bills at a 0.055% high yield, a price of 99.995722.

The coupon equivalent was 0.056%. The bid-to-cover ratio was 4.53.

Tenders at the high rate were allotted 71.79%. The median yield was 0.050%. The low yield was zero.

The bills have an issue date of June 14 and are due July 12.

Tenders totaled $135,923,084,300 and the Treasury accepted $30,000,724,300, including $285,828,900 non-competitive.

The Fed banks bought $6,285,071,700 for their own account in exchange for maturing securities.

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