The Treasury Department Friday sold $30 billion of 59-day cash management bills, due Nov. 20, at a 1.990% high tender rate.

The bid-to-cover ratio was 2.39.

The coupon equivalent was 2.024%. The price was 99.673861.

The low bid was 1.650%. The median bid was 1.850%. Tenders at 1.990% were allotted 62.02%.

Tenders totaled $71,656,416,000 and the Treasury accepted $30,000,446,000, including $40,416,000 non-competitive.

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