The Treasury Department Tuesday sold $20 billion 7-day cash management bills, dated Oct. 3, due Oct. 10, at a 0.030% high tender rate.
The bid to cover ratio was 4.37.
The coupon equivalent was 0.030%. The price was 99.999417.
The low bid was zero. The median bid was 0.020%. Tenders at the high were allotted 9.95%.
Tenders totaled $87,466,698,000 and the Treasury accepted $20,000,748,000, including $2,000,000 non-competitive.