The Treasury Department Tuesday auctioned $35 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 4.64.
Tenders at the high rate were allotted 41.95%. The median rate was zero. The low rate was zero.
The bills have an issue date of June 18 and are due July 16.
Tenders totaled $116,074,925,200 and the Treasury accepted $25,001,854,600, including $234,321,200 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
