The Treasury Department Wednesday sold $25 billion of 56-day cash management bills, dated Oct. 7 and due Dec. 2, at a 0.145% high tender rate.

The bid-to-cover ratio was 4.38. The coupon equivalent was 0.147%. The price was 99.977444. The low bid was 0.100%. The median bid was 0.130%. Tenders at the high were allotted 41.71%.

Tenders totaled $109,496,652,000 and the Treasury accepted $25,000,682,000, including $6,652,000 of noncompetitive.

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