NEW YORK - The Treasury Department today auctioned $29 billion of four-week bills at a zero high yield, a price of par.
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The coupon equivalent was zero. The bid-to-cover ratio was 5.33.
Tenders at the high rate were allotted 35.09%. The median yield was zero. The low yield was zero.
The bills have an issue date of Dec. 10 and are due Jan. 7, 2010.
Tenders totaled $ 154,594,333,700 and the Treasury accepted $29,004,033,900, including $292,888,700 non-competitive.
The Fed banks bought $2,418,028,000 for their own account in exchange for maturing securities.
