The Treasury Department Tuesday sold $25 billion 15-day cash management bills, dated Aug. 15, due Aug. 30, at a 0.110% high tender rate.
The bid to cover ratio was 4.77.
The coupon equivalent was 0.112%. The price was 99.995417.
The low bid was 0.090%. The median bid was 0.105%. Tenders at the high were allotted 38.18%.
Tenders totaled $119,305,005,000 and the Treasury accepted $25,001,465,000, including $5,000 non-competitive.