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 4.44.
Tenders at the high rate were allotted 30.05%. The median yield was 0.070%. The low yield was 0.050%.
The bills have an issue date of April 26 and are due May 24.
Tenders totaled $133,285,367,500 and the Treasury accepted $30,000,467,500, including $226,433,800 non-competitive.
The Fed banks bought $2,418,028,700 for their own account in exchange for maturing securities.