The Treasury Department Tuesday auctioned $34 billion of four-week bills at a 0.030% high yield, a price of 99.997667.

The coupon equivalent was 0.030%. The bid-to-cover ratio was 4.35.

Tenders at the high rate were allotted 90.43%. The median yield was 0.020%. The low yield was zero.

The bills have an issue date of April 21 and are due May 19.

Tenders totaled $147,910,783,700 and the Treasury accepted $34,000,432,700, including $217,715,900 non-competitive.

The Federal Reserve banks bought $6,285,071,700 for their own account in exchange for maturing securities.

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