NEW YORK - The Treasury Department Tuesday auctioned $40 billion of four-week bills at a 0.060% high yield, a price of 99.995333.
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The coupon equivalent was 0.061%. The bid-to-cover ratio was 4.46.
Tenders at the high rate were allotted 31.48%. The median yield was 0.045%. The low yield was zero.
The bills have an issue date of March 17 and are due April 14.
Tenders totaled $178,321,736,500 and the Treasury accepted $40,001,176,500, including $230,184,500 non-competitive.
The Fed banks bought $3,781,546,000 for their own account in exchange for maturing securities.
