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 5.05.
Tenders at the high rate were allotted 60.58%. The median yield was 0.070%. The low yield was 0.060%.
The bills have an issue date of May 10 and are due June 7.
Tenders totaled $151,388,143,100 and the Treasury accepted $30,000,523,500, including $200,990,900 non-competitive.
The Fed banks bought $3,781,546,000 for their own account in exchange for maturing securities.
