The Treasury Department Wednesday sold $25 billion 46-day cash management bills, dated Nov. 15, due Dec. 31, at a 0.190% high tender rate.

The bid to cover ratio was 4.69.

The coupon equivalent was 0.193%. The price was 99.975722.

The low bid was 0.160%. The median bid was 0.180%. Tenders at the high were allotted 5.74%.

Tenders totaled $117,327,745,000 and the Treasury accepted $25,000,042,400, including $1,745,500 non-competitive.

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