The Treasury Department Tuesday auctioned $40 billion of four-week bills at a 0.250% high yield, a price of 99.980556.
The coupon equivalent was 0.254%. The bid-to-cover ratio was 3.39.
Tenders at the high rate were allotted 90.64%. The median rate was 0.245%. The low rate was 0.190%.
The bills have an issue date of June 23 and are due July 21.
Tenders totaled $169,712,109,800 and the Treasury accepted $50,000,469,800, including $343,738,800 non-competitive.
The Fed banks bought nothing for their own account in exchange for maturing securities.
