The Treasury Department Tuesday auctioned $28 billion of four-week bills at a 0.005% high yield and a price of 99.999611. The coupon equivalent was 0.005%.
The bid-to-cover ratio was 4.44. Tenders at the high rate were allotted 31.78%. The median yield and low yield was zero. The bills have an issue date of June 23 and are due July 21.