Cash Management Bills Draw 0.150% High Rate

The Treasury Department yesterday sold $17 billion of 18-day cash management bills, dated April 1 and due April 19, at a 0.150% high tender rate.

The bid-to-cover ratio was 4.27.

The coupon equivalent was 0.152%. The price was 99.992500.

The low bid was 0.100%. The median bid was 0.140%. Tenders at the high bid were allotted 53.77%.

Tenders totaled $72,567,000,000 and the Treasury accepted $17,001,167,000, with no noncompetitives.

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