The Treasury Department Tuesday sold $20 billion 6-day cash management bills, dated March 9, due March 15, at a 0.515% high tender rate.
The bid to cover ratio was 3.68.
The coupon equivalent was 0.522%. The price was 99.991417.
The low bid was 0.470%. The median bid was 0.510%. Tenders at the high were allotted 43.75%.
Tenders totaled $73,550,000,000 and the Treasury accepted $20,000,000,000, including no non-competitive.
The Indiana Financing Authority is the biggest entry on 2025's largest negotiated calendar with $1.5 billion of Indiana University Health system revenue bonds.
Chinese students comprise nearly half of international students attending University of California schools.
The $44 million of unrated bonds, placed only with qualified investors, feature 9.5% coupons.
The Senate returns to Washington with a ticking deadline clock to turn the House's One Big Beautiful Bill Act into law with questions remaining about the future of the SALT cap deduction and green energy tax credits.
Main Street Natural Gas, a blended component unit of Georgia Gas, issues most of the authority's debt.
A new law lifts the revenue bond cap for the Grand River Dam Authority to $3.6 billion from $1.41 billion
