Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were lower yesterday, as the three-months incurred a 1.865% high rate, down from 1.900% the prior week, and the six-months incurred a 2.060% high rate, down from 2.135%.
Coupon equivalents were 1.900% and 2.111%, respectively. The price for the 91s was 99.528569 and that for the 182s was 98.958556.
The median bid on the 91s was 1.820%. The low bid was 1.750%. Tenders at the high rate were allotted 67.82%. The bid-to-cover ratio was 2.53. Tenders totaled $60,827,649,400 and the Treasury accepted $24,000,019,400.
The median bid for the 182s was 2.030%. The low bid was 2.000%. Tenders at the high rate were allotted 2.58%. The bid-to-cover ratio was 2.69. Tenders totaled $61,815,176,500 and the Treasury accepted $23,000,466,500.
