The Treasury Department Wednesday sold $25 billion 14-day cash management bills, dated June 1, due June 15, at a 0.735% high tender rate.

The bid to cover ratio was 3.14.

The coupon equivalent was 0.745%. The price was 99.971417.

The low bid was 0.650%. The median bid was 0.700%. Tenders at the high were allotted 47.35%.

Tenders totaled $78,505,550,000 and the Treasury accepted $25,000,075,000, including $550,000 non-competitive.

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