The Treasury Department Wednesday sold $26 billion 189-day cash management bills, dated Oct. 17, due April 24, 2014, at a 0.135% high tender rate.

The bid to cover ratio was 3.83.

The coupon equivalent was 0.137%. The price was 99.929125.

The low bid was 0.050%. The median bid was 0.120%. Tenders at the high were allotted 77.40%.

Tenders totaled $99,664,000,000 and the Treasury accepted $26,000,260,000, including no non-competitive.

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