NEW YORK - The Treasury Department Tuesday sold $20 billion 49-day cash management bills, dated March 1, due April 19, at a 0.105% high tender rate.

The bid to cover ratio was 4.99.

The coupon equivalent was 0.106%. The price was 99.985708.

The low bid was 0.080%. The median bid was 0.095%. Tenders at the high were allotted 26.70%.

Tenders totaled $99,715,000,000 and the Treasury accepted $20,000,425,000, including no non-competitive.

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