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 4.50.

Tenders at the high rate were allotted 10.70%. The median yield was 0.070%. The low yield was 0.050%.

The bills have an issue date of July 26 and are due Aug. 23.

Tenders totaled $134,949,405,400 and the Treasury accepted $30,000,905,400, including $244,469,700 non-competitive.

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

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