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.

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.