NEW YORK - The Treasury Department Tuesday auctioned $30 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 4.71.

Tenders at the high rate were allotted 21.07%. The median yield was 0.070%. The low yield was 0.050%.

The bills have an issue date of April 12 and are due May 10.

Tenders totaled $141,321,800,800 and the Treasury accepted $30,000,666,500, including $220,334,600 non-competitive.

The Fed banks bought $3,781,212,500 for their own account in exchange for maturing securities.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.