The Treasury Department Wednesday sold $25 million 37-day cash management bills, dated April 11, due May 18, at a 0.720% high tender rate.
The bid to cover ratio was 4.61.
The coupon equivalent was 0.731%. The price was 99.926000.
The low bid was 0.680%. The median bid was 0.705%. Tenders at the high were allotted 16.04%.
Tenders totaled $115,225,000 and the Treasury accepted $25,000,400, including no non-competitive.