Cash Managements Draw 2.510% High Rate

The Treasury Department yesterday sold $30 billion 60-day cash management bills, dated Feb. 15 and due April 15, at a 2.510% high tender rate.

The bid to cover ratio was 3.49. The coupon equivalent was 2.563%. The price was 99.581667.

The low bid was 2.400%. The median bid was 2.460%. Tenders at 2.510% were allotted 23.58%.

Tenders totaled $94,280,336,000 and the Treasury accepted $30,000,086,000, including of $30,336,000 noncompetitive.

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