The Treasury Department yesterday sold $30 billion 14-day cash management bills, dated March 3 and due March 17, at a 2.550% high tender rate.
The bid to cover ratio was 2.81. The coupon equivalent was 2.588%. The price was 99.900833. The low bid was 2.350%. The median bid was 2.480%. Tenders at 2.550% were allotted 9.13%.