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 4.63.
Tenders at the high rate were allotted 77.44%. The median yield was 0.070%. The low yield was 0.050%.
The bills have an issue date of May 17 and are due June 14.
Tenders totaled $138,996,044,800 and the Treasury accepted $30,000,444,800, including $244,403,500 non-competitive.
The Fed banks bought $6,285,071,700 for their own account in exchange for maturing securities.