NEW YORK - The Treasury Department today 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 6.68.
Tenders at the high rate were allotted 19.77%. The median yield was zero. The low yield was zero.
The bills have an issue date of Dec. 29 and are due Jan. 26, 2012.
Tenders totaled $200,416,444,800 and the Treasury accepted $30,012,430,000, including $228,554,800 non-competitive.
The Fed banks bought $6,285,071,700 for their own account in exchange for maturing securities.
