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 4.53.

Tenders at the high rate were allotted 10.44%. The median yield was 0.065%. The low yield was 0.050%.

The bills have an issue date of July 19 and are due Aug. 16.

Tenders totaled $135,862,152,500 and the Treasury accepted $30,000,672,500, including $280,817,100 non-competitive.

The Fed banks bought nothing for their own account in exchange for maturing securities.

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