The Treasury Department Tuesday auctioned $30 billion of four-week bills at a 0.000% high yield, a price of 100.000000.

The coupon equivalent was 0.000%. The bid-to-cover ratio was 5.34.

Tenders at the high rate were allotted 54.35%. The median yield was 0.000%. The low yield was zero.

The bills have an issue date of Jan. 5 and are due Feb. 2.

Tenders totaled $159,540,061,800 and the Treasury accepted $29,419,635,000, including $204,576,300 of noncompetitive.

The Federal Reserve banks bought $2,418,028,000 for their own account in exchange for maturing securities.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.