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 4.81.
Tenders at the high rate were allotted 57.66%. The median yield was zero. The low yield was zero.
The bills have an issue date of Oct. 6 and are due Nov. 3.
Tenders totaled $144,252,531,500 and the Treasury accepted $30,004,041,500, including $264,403,000 non-competitive.
The Fed banks bought $6,285,071,700 for their own account in exchange for maturing securities.
