NEW YORK - The Treasury Department Tuesday auctioned $27 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 5.69.
Tenders at the high rate were allotted 44.37%. The median yield was zero. The low yield was zero.
The bills have an issue date of Sept. 15 and are due Oct. 13.
Tenders totaled $153,710,790,800 and the Treasury accepted $27,002,387,900, including $183,901,000 non-competitive.
The Fed banks bought $2,418,028,000 for their own account in exchange for maturing securities.
