56-Day Cash Management Bills Draw 0.145% High Rate

NEW YORK - The Treasury Department today sold $25 billion 56-day cash management bills, dated October 7, due December 2, at a 0.145% high tender rate.

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The bid to cover ratio was 4.38.

The coupon equivalent was 0.147%. The price was 99.977444.

The low bid was 0.100%. The median bid was 0.130%. Tenders at the high were allotted 41.71%.

Tenders totaled $109,496,652,000 and the Treasury accepted $25,000,682,000, including $6,652,000 non-competitive.


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