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 10.72.
Tenders at the high rate were allotted 10.44%. The median rate was zero. The low rate was zero.
The bills have an issue date of Oct. 1 and are due Oct. 29.
Tenders totaled $107,255,385,900 and the Treasury accepted $10,006,262,800, including $208,664,700 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
