The Treasury Department Tuesday sold $35 billion 5-day cash management bills, dated Sept. 12, due Sept. 17, at a 0.040% high tender rate.
The bid to cover ratio was 3.77.
The coupon equivalent was 0.041%. The price was 99.999444.
The low bid was 0.010%. The median bid was 0.035%. Tenders at the high were allotted 70.33%.
Tenders totaled $131,835,000,000 and the Treasury accepted $35,000,712,500, including no non-competitive.