The Treasury Department Wednesday sold $20 billion of 10-day cash management bills, dated Aug. 5 and due Aug. 15, at a zero high tender rate.

The bid to cover ratio was 5.07. The coupon equivalent was zero. The price was par. The low bid was zero. The median bid was zero. Tenders at the high were allotted 37.81%.

Tenders totaled $101,500,000,000 and the Treasury accepted $20,001,490,000, all of it competitive.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.