NEW YORK - The Treasury Department Tuesday auctioned $40 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 4.05.

Tenders at the high rate were allotted 61.79%. The median yield was 0.060%. The low yield was 0.030%.

The bills have an issue date of March 15 and are due April 12.

Tenders totaled $161,862,122,600 and the Treasury accepted $40,000,072,600, including $210,654,700 non-competitive.

The Fed banks bought $3,781,546,000 for their own account in exchange for maturing securities.

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