Treasury $16B 4-Week Auction Closes at 0.025% Yield

• The Treasury auctioned $16 billion in four-week notes on Tuesday at a stop-out rate of 0.025%

• Primary dealers tender $67.678 billion

• Indirects $8.6 billion

• Bid-to-cover ratio came in at 5.50 x the amount of debt sold vs. last auction’s (Dec. 29) bid-to-cover ratio of 3.95 and yield of 0.010%

• Alloted at High 85.42%