The Treasury Department Tuesday sold $20 billion 7-day cash management bills, dated Oct. 3, due Oct. 10, at a 0.030% high tender rate.

The bid to cover ratio was 4.37.

The coupon equivalent was 0.030%. The price was 99.999417.

The low bid was zero. The median bid was 0.020%. Tenders at the high were allotted 9.95%.

Tenders totaled $87,466,698,000 and the Treasury accepted $20,000,748,000, including $2,000,000 non-competitive.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.