7-Day Cash Management Bills Draw 0.030% High Rate

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.

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