NEW YORK - The Treasury Department Tuesday auctioned $30 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 4.43.
Tenders at the high rate were allotted 53.16%. The median yield was 0.050%. The low yield was 0.040%.
The bills have an issue date of June 28 and are due July 26.
Tenders totaled $132,997,474,800 and the Treasury accepted $30,000,802,800, including $268,485,900 non-competitive.
The Fed banks bought $5,937,991,000 for their own account in exchange for maturing securities.
