The Treasury Department yesterday sold $45 billion of 63-day cash management bills, due Dec. 18, at a 0.490% high tender rate.

The bid-to-cover ratio was 2.18.

The coupon equivalent was 0.813%. The price was 99.914250.

The low bid was 0.000%. The median bid was 0.240%. Tenders at 0.490% were allotted 71.43%.

Tenders totaled $98,295,085,000 and the Treasury accepted $44,979,763,700, including $20,389,000 of noncompetitive.

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