The Treasury Department yesterday sold 97-day cash management bills, due Jan. 15, at a 0.800% high tender rate.

The bid to cover ratio was 3.30.

The coupon equivalent was 0.813%. The price was 99.784444.

The low bid was 0.000%. The median bid was 0.700%. Tenders at 0.800% were allotted 79.65%.

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