The Treasury Department Tuesday sold $15 billion of eight-day cash management bills, dated Sept. 7 and due Sept. 15, at a 0.030% high tender rate.
The bid-to-cover ratio was 5.09.
The coupon equivalent was 0.031%. The price was 99.999333.
The low bid was 0.005%. The median bid was 0.025%. Tenders at the high were allotted 95.63%.
Tenders totaled $76,370,005,000 and the Treasury accepted $15,000,030,000, including $5,000 of noncompetitive.