The Treasury Department Tuesday auctioned $40 billion of four-week bills at a 0.240% high yield, a price of 99.981333.
The coupon equivalent was 0.243%. The bid-to-cover ratio was 3.33.
Tenders at the high rate were allotted 99.01%. The median rate was 0.220%. The low rate was 0.150%.
The bills have an issue date of June 16 and are due July 14.
Tenders totaled $149,866,694,700 and the Treasury accepted $45,000,017,200, including $264,547,300 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
