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.

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