5-Day Cash Managements Draw Zero High Rate

The Treasury Department Thursday sold $10 billion of five-day cash management bills, dated Oct. 12, due Oct. 17, at a zero high tender rate.

Processing Content

The bid-to-cover ratio was 6.04. Tenders at the high were allotted 49.63%.

For reprint and licensing requests for this article, click here.
MORE FROM BOND BUYER