The Treasury Department Tuesday auctioned $45 billion of four-week bills at a 0.205% high yield, a price of 99.984056.
The coupon equivalent was 0.208%. The bid-to-cover ratio was 3.08.
Tenders at the high rate were allotted 87.47%. The median rate was 0.180%. The low rate was 0.150%.
The bills have an issue date of Dec. 17 and are due Jan. 14, 2016.
Tenders totaled $138,780,404,300 and the Treasury accepted $44,705,701,800, including $294,647,500 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
