The Treasury Department Tuesday sold $25 billion 15-day cash management bills, dated Aug. 15, due Aug. 30, at a 0.110% high tender rate.

The bid to cover ratio was 4.77.

The coupon equivalent was 0.112%. The price was 99.995417.

The low bid was 0.090%. The median bid was 0.105%. Tenders at the high were allotted 38.18%.

Tenders totaled $119,305,005,000 and the Treasury accepted $25,001,465,000, including $5,000 non-competitive.

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