The Treasury Department Tuesday sold $25 billion 14-day cash management bills, dated Aug. 29, due Sept. 12, at a 0.035% high tender rate.
The bid to cover ratio was 5.31.
The coupon equivalent was 0.035%. The price was 99.998639.
The low bid was 0.020%. The median bid was 0.030%. Tenders at the high were allotted 45.93%.
Tenders totaled $132,814,697,000 and the Treasury accepted $25,000,550,000, including no non-competitive.