Cash Managements Bills Draw 0.145% High Rate

The Treasury Department yesterday sold $25 billion of 56-day cash-management bills, dated March 18 and due May 13, at a 0.145% high tender rate.

The bid-to-cover ratio was 4.71. The coupon equivalent was 0.147%. The price was 99.977444.

The low bid was 0.100%. The median bid was 0.135%. Tenders at the high were allotted 14.55%.

Tenders totaled $117,712,010,000 and the Treasury accepted $25,000,595,500.

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