NEW YORK - The Treasury Department today sold $25 billion 56-day cash management bills, dated December 16, due February 10, 2011, at a 0.125% high tender rate.
The bid to cover ratio was 4.18.
The coupon equivalent was 0.127%. The price was 99.980556.
The low bid was 0.100%. The median bid was 0.115%. Tenders at the high were allotted 61.17%.
Tenders totaled $104,512,250,000 and the Treasury accepted $25,000,257,500, including no non-competitive.
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MBIA says it isn't responsible for what its subsidiaries did.
