NEW YORK - The Treasury Department Tuesday auctioned $40 billion of four-week bills at a 0.100% high yield, a price of 99.992222.
The coupon equivalent was 0.101%. The bid-to-cover ratio was 4.20.
Tenders at the high rate were allotted 30.53%. The median yield was 0.090%. The low yield was 0.050%.
The bills have an issue date of March 1 and are due March 29.
Tenders totaled $167,991,766,200 and the Treasury accepted $40,000,701,200, including $253,331,300 non-competitive.
The Fed banks bought $2,418,028,000 for their own account in exchange for maturing securities.