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 U.S. Treasury Building.Image: Thinkstock

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.

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Gary Siegel

Gary Siegel

Gary Siegel has been at The Bond Buyer since 1989, currently covering economic indicators and the Federal Reserve system.