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 4.39.
Tenders at the high rate were allotted 92.74%. The median yield was 0.070%. The low yield was zero.
The bills have an issue date of Aug. 2 and are due Aug. 30.
Tenders totaled $153,701,023,400 and the Treasury accepted $35,000,023,400, including $235,800,200 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.