The Treasury Department Wednesday sold $25 billion of 56-day cash-management bills, dated July 07 and due Sept. 2, at a 0.165% high tender rate.
The bid-to-cover ratio was 4.40. The coupon equivalent was 0.167%. The price was 99.974333. The low bid was 0.010%. The median bid was 0.150%. Tenders at the high were allotted 24.41%.