The Treasury Department Tuesday auctioned $30 billion of four-week bills at a 0.070% high yield, a price of 99.994556.

The coupon equivalent was 0.071%. The bid-to-cover ratio was 4.68.

Tenders at the high rate were allotted 83.12%. The median yield was 0.065%. The low yield was 0.050%.

The bills have an issue date of July 12 and are due Aug. 9.

Tenders totaled $140,329,751,600 and the Treasury accepted $30,000,191,600, including $263,708,000 non-competitive.

The Fed banks bought nothing for their own account in exchange for maturing securities.

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