Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were lower yesterday, as the three-months incurred a 1.610% high rate, down from 1.865% the week before, and the six-months incurred a 1.955% high rate, down from 2.060%.
Coupon equivalents were 1.639% and 2.002%, respectively. The price for the 91s was 99.593028 and that for the 182s was 99.011639.
The median bid on the 91s was 1.575%. The low bid was 1.450%. Tenders at the high rate were allotted 40.08%. The bid-to-cover ratio was 2.77. Tenders totaled $66,510,912,400 and the Treasury accepted $24,000,024,400, including $1,904,312,400 of noncompetitive.
The median bid for the 182s was 1.900%. The low bid was 1.750%. Tenders at the high rate were allotted 94.50%. The bid-to-cover ratio was 2.62. Tenders totaled $60,234,257,600 and the Treasury accepted $23,000,007,600, including $1,696,172,600 of noncompetitive.
