Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were lower, as the three-months incurred a 1.710% high rate, down from 1.850% the previous week, and the six-months incurred a 1.925% high rate, down from 1.980% .
Coupon equivalents were 1.741% and 1.971%, respectively. The price for the 91s was 99.563000 and that for the 182s was 99.026806.
The median bid on the 91s was 1.620%. The low bid was 1.500%. Tenders at the high rate were allotted 27.51%. The bid-to-cover ratio was 2.46. Tenders totaled $68,750,514,900 and the Treasury accepted $28,000,107,400, including $1,789,979,900 of noncompetitive.
The median bid for the 182s was 1.850%. The low bid was 1.780%. Tenders at the high rate were allotted 8.89%. The bid-to-cover ratio was 2.06. Tenders totaled $55,529,519,300 and the Treasury accepted $27,000,084,300, including $1,262,619,300 of noncompetitive.
