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.