The Treasury Department yesterday auctioned $31 billion of four-week bills at a 0.150% high yield, a price of 99.98833.
The coupon equivalent was 0.152%. The bid-to-cover ratio was 3.58.
Tenders at the high rate were allotted 5.63%. The median yield was 0.130%. The low yield was zero.
The bills have an issue date of April 1 and are due April 29.
Tenders totaled $109,722,785,600 and the Treasury accepted $29,870,475,600, including $894,900,000 of noncompetitive.
Federal Reserve banks bought $2,418,028,000 for their own account in exchange for maturing securities.
