NEW YORK - The Treasury Department Wednesday sold $25 billion 56-day cash management bills, dated December 30, due February 24, 2011, at a 0.120% high tender rate.
The bid to cover ratio was 4.67.
The coupon equivalent was 0.122%. The price was 99.981333.
The low bid was 0.060%. The median bid was 0.100%. Tenders at the high were allotted 11.38%.
Tenders totaled $116,752,000,000 and the Treasury accepted $25,000,055,000, including $100,000 non-competitive.
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Kevin Warsh, President Donald Trump's pick to lead the Federal Reserve, denied that he would act as Trump's "sock puppet" if he's confirmed and said the president has directed him to lower interest rates.
MBIA says it isn't responsible for what its subsidiaries did.
