The Treasury Department sold $25 billion 56-day cash management bills, dated April 1, due May 27, at a 0.160% high tender rate.

The bid to cover ratio was 3.61.

The coupon equivalent was 0.162%. The price was 99.975111.

The low bid was 0.080%. The median bid was 0.150%. Tenders at the high were allotted 13.02%.

Tenders totaled $90,126,000,000 and the Treasury accepted $24,997,000,000, and no noncompetitives.

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