NEW YORK - The Treasury Department Tuesday auctioned $30 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 6.16.
Tenders at the high rate were allotted 27.28%. The median yield was zero. The low yield was zero.
The bills have an issue date of Sept. 22 and are due Oct. 20.
Tenders totaled $184,970,812,500 and the Treasury accepted $30,010,447,100, including $225,911,500 non-competitive.
The Fed banks bought $5,937,991,000 for their own account in exchange for maturing securities.
