The Treasury Department yesterday sold $50 billion of 42-day cash management bills, due Nov. 13, at a 1.100% high tender rate.
The bid to cover ratio was 2.80. The coupon equivalent was 1.117%. The price was 99.871667.
The low bid was 1.000%. The median bid was 0.850%. Tenders at 1.100% were allotted 6.81%. Tenders totaled $139,743,671,000 and the Treasury accepted $49,000,937,000, none of it noncompetitive.