The Treasury Department Tuesday auctioned $35 billion of four-week bills at a 0.025% high yield, a price of 99.998056.
The coupon equivalent was 0.025%. The bid-to-cover ratio was 3.94.
Tenders at the high rate were allotted 40.79%. The median rate was 0.015%. The low rate was 0.010%.
The bills have an issue date of July 24 and are due Aug. 21.
Tenders totaled $137,917,453,700 and the Treasury accepted $35,001,108,700, including $229,987,700 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
