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 33.71%. The median rate was zero. The low rate was zero.
The bills have an issue date of June 25 and are due July 23.
Tenders totaled $119,963,466,800 and the Treasury accepted $25,006,694,500, including $227,982,900 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
