The Treasury Department yesterday auctioned $31 billion of four-week bills at a 0.080% high yield, a price of 99.993778.
The coupon equivalent was 0.081%. The bid-to-cover ratio was 4.34. Tenders at the high rate were allotted 76.46%.
The median yield was 0.070%. The low yield was 0.040%. The bills have an issue date of March 4 and are due April 1.
Tenders totaled $134,549,176,000 and the Treasury accepted $31,000,064,000, including $238,949,000 of noncompetitive.
The Federal Reserve banks bought $2,418,028,000 for their own account in exchange for maturing securities.