The Treasury Department Tuesday auctioned $25 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 4.07.
Tenders at the high rate were allotted 65.95%. The median rate was zero. The low rate was zero.
The bills have an issue date of Sept. 17 and are due Oct. 15.
Tenders totaled $81,484,345,900 and the Treasury accepted $20,001,073,900, including $232,978,000 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
