The Treasury Department yesterday sold $20 billion of 25-day cash management bills, dated March 27 and due April 21, at a 1.340% high tender rate.
The bid to cover ratio was 2.43.
The coupon equivalent was 1.360%. The price was 99.906944.
The low bid was 0.900%. The median bid was 1.080%. Tenders at 1.340% were allotted 41.28%.
Tenders totaled $48,571,312,000 and the Treasury accepted $20,000,112,000, none of them noncompetitive.