The Treasury Department Tuesday sold $25 billion 21-day cash management bills, dated Aug. 15, due Sept. 5, at a 0.060% high tender rate.

The bid to cover ratio was 4.81.

The coupon equivalent was 0.061%. The price was 99.996500.

The low bid was 0.040%. The median bid was 0.050%. Tenders at the high were allotted 16.70%.

Tenders totaled $120,360,755,000 and the Treasury accepted $25,000,055,000, including $755,000 non-competitive.

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