NEW YORK - The Treasury Department Tuesday auctioned $30 billion of four-week bills at a 0.075% high yield, a price of 99.994167.
The coupon equivalent was 0.076%. The bid-to-cover ratio was 4.65.
Tenders at the high rate were allotted 6.93%. The median yield was 0.060%. The low yield was 0.050%.
The bills have an issue date of July 5 and are due Aug. 2.
Tenders totaled $139,562,056,200 and the Treasury accepted $30,001,071,200, including $234,555,000 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
