NEW YORK - The Treasury Department Tuesday auctioned $35 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 9.07.
Tenders at the high rate were allotted 12.90%. The median yield was zero. The low yield was zero.
The bills have an issue date of Dec. 22 and are due Jan. 19, 2012.
Tenders totaled $272,129,519,100 and the Treasury accepted $30,013,437,600, including $221,339,100 non-competitive.
The Fed banks bought $3,781,546,000 for their own account in exchange for maturing securities.
