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 5.53.
Tenders at the high rate were allotted 31.77%. The median yield was zero. The low yield was zero.
The bills have an issue date of Sept. 29 and are due Oct. 27.
Tenders totaled $165,869,810,100 and the Treasury accepted $30,000,251,100, including $206,977,100 non-competitive.
The Fed banks bought $3,781,546,000 for their own account in exchange for maturing securities.
