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 5.55.
Tenders at the high rate were allotted 49.21%. The median yield was zero. The low yield was zero.
The bills have an issue date of Jan. 28 and are due Feb. 25.
Tenders totaled $55,541,095,500 and the Treasury accepted $10,000,425,300, including $211,929,500 non-competitive.
The Fed banks bought $6,285,071,700 for their own account in exchange for maturing securities.
