The Treasury Department Wednesday sold $25 billion 56-day cash management bills, dated July 1 and due Aug. 26, at a 0.180% high tender rate.
The bid-to-cover ratio was 4.50. The coupon equivalent was 0.183%. The price was 99.972000. The low bid was 0.010%. The median bid was 0.165%. Tenders at the high were allotted 13.22%.