NEW YORK - The Treasury Department Tuesday auctioned $35 billion of four-week bills at a 0.065% high yield, a price of 99.994944.
The coupon equivalent was 0.066%. The bid-to-cover ratio was 4.15.
Tenders at the high rate were allotted 89.70%. The median yield was 0.055%. The low yield was 0.030%.
The bills have an issue date of March 29 and are due April 26.
Tenders totaled $145,322,990,200 and the Treasury accepted $35,000,840,200, including $251,285,400 non-competitive.
The Fed banks bought $2,418,028,000 for their own account in exchange for maturing securities.