NEW YORK - The Treasury Department Wednesday sold $25 billion 56-day cash management bills, dated December 23, due February 17, 2011, at a 0.130% high tender rate.
The bid to cover ratio was 4.25.
The coupon equivalent was 0.132%. The price was 99.979778.
The low bid was 0.100%. The median bid was 0.115%. Tenders at the high were allotted 58.42%.
Tenders totaled $106,137,055,000 and the Treasury accepted $25,000,885,000, including $3,055,000 non-competitive.
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MBIA says it isn't responsible for what its subsidiaries did.
