The Treasury Department Tuesday sold $40 billion 64-day cash management bills, dated Feb. 13, due April 18, at a 0.100% high tender rate.
The bid to cover ratio was 4.27.
The coupon equivalent was 0.101%. The price was 99.982222.
The low bid was 0.080%. The median bid was 0.090%. Tenders at the high were allotted 3.18%.
Tenders totaled $170,986,105,000 and the Treasury accepted $40,001,350,000, including $1,105,000 non-competitive.