The Treasury Department Friday sold $30 billion of 45-day cash management bills, due Nov. 6, at a 1.800% high tender rate.

The bid to cover ratio was 1.87.

The coupon equivalent was 1.829%. The price was 99.775000.

The low bid was 1.000%. The median bid was 1.500%. Tenders at 1.800% were allotted 85.51%.

Tenders totaled $56,098,497,000 and the Treasury accepted $30,000,022,000, including $65,232,000 non-competitive.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.