The Treasury Department yesterday sold $25 billion of 56-day cash management bills, dated May 6, due July 1, at a 0.150% high tender rate.
The bid-to-cover ratio was 4.47.
The coupon equivalent was 0.152%. The price was 99.976667.
The low bid was 0.100%. The median bid was 0.140%. Tenders at the high were allotted 10.19%.
Tenders totaled $111,859,005,000 and the Treasury accepted $25,001,315,000, including $7,005,000 of noncompetitive.