The Treasury Department Tuesday auctioned $35 billion of four-week bills at a 0.170% high yield, a price of 99.986778.
The coupon equivalent was 0.172%. The bid-to-cover ratio was 3.63.
Tenders at the high rate were allotted 36.16%. The median rate was 0.150%. The low rate was 0.100%.
The bills have an issue date of May 5 and are due June 2.
Tenders totaled $145,188,910,800 and the Treasury accepted $40,000,070,800, including $249,360,000 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
