The Treasury Department Wednesday sold $25 billion of 56-day cash management bills, dated Aug. 19, due Oct. 14, at a 0.145% high tender rate.

The bid to cover ratio was 4.96.

The coupon equivalent was 0.147%. The price was 99.977444.

The low bid was 0.100%. The median bid was 0.135%. Tenders at the high were allotted 24.34%.

Tenders totaled $124,060,025,000 and the Treasury accepted $25,000,045,000, including $2,025,000 of noncompetitive.

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