The Treasury Department Tuesday sold $35 billion 18-day cash management bills, dated Aug. 30, due Sept. 17, at a 0.125% high tender rate.

The bid to cover ratio was 3.98.

The coupon equivalent was 0.127%. The price was 99.993750.

The low bid was zero. The median bid was 0.115%. Tenders at the high were allotted 83.41%.

Tenders totaled $139,410,000,000 and the Treasury accepted $35,000,678,000, including $5,000,000 non-competitive.

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