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 9.74.
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. 8 and are due Nov. 5.
Tenders totaled $77,939,185,400 and the Treasury accepted $8,005,194,600, including $250,485,900 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
