NEW YORK - The Treasury Department today auctioned $10 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 6.63.
Tenders at the high rate were allotted 28.08%. The median yield was zero. The low yield was zero.
The bills have an issue date of Jan. 14 and are due Feb. 11.
Tenders totaled $66,309,867,100 and the Treasury accepted $10,000,086,900, including $239,327,100 non-competitive.
The Fed banks bought $5,937,991,000 for their own account in exchange for maturing securities.
