The Treasury Department Wednesday sold $15 billion of 6-day cash management bills, dated June 9 and due June 15, at a 0.040% high tender rate.

The bid to cover ratio was 5.51. The coupon equivalent was 0.041%. The price was 99.999333. The low bid was 0.010%. The median bid was 0.035%. Tenders at the high were allotted 23.97%.

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