The Treasury Department Tuesday sold $25 billion 11-day cash management bills, dated Dec. 6, due Dec. 17, at a 0.165% high tender rate.

The bid to cover ratio was 5.11.

The coupon equivalent was 0.167%. The price was 99.994958.

The low bid was 0.150%. The median bid was 0.160%. Tenders at the high were allotted 98.52%.

Tenders totaled $127,775,000,000 and the Treasury accepted $25,000,520,000, including no non-competitive.

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