NEW YORK - The Treasury Department Tuesday auctioned $37 billion of four-week bills at a 0.060% high yield, a price of 99.995333.

The coupon equivalent was 0.061%. The bid-to-cover ratio was 4.37.

Tenders at the high rate were allotted 23.14%. The median yield was 0.050%. The low yield was 0.035%.

The bills have an issue date of Feb. 9 and are due March 8.

Tenders totaled $161,848,348,100 and the Treasury accepted $37,001,574,100, including $249,071,200 non-competitive.

The Fed banks bought $5,937,991,000 for their own account in exchange for maturing securities.

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