Weekly T-Bills Go At 2.200%, 2.040%

Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were lower, as the three-months incurred a 2.200% high rate, down from 2.250% the prior week, and the six-months incurred a 2.040% high rate, down from 2.080%.

Coupon equivalents were 2.249% and 2.096%, respectively.

The price for the 91s was 99.443889 and that for the 182s was 98.968667.

The median bid on the 91s was 2.170%. The low bid was 2.140%. The bid-to-cover ratio was 2.89.

Tenders at the high rate were allotted 31.91%.

Tenders totaled $72,594,000,000 and the Treasury accepted $27,345,000,000, including $2,014,000,000 of noncompetitive.

Federal Reserve banks bought $3,345,000,000 for themselves.

The median bid for the 182s was 2.000%. The low bid was 1.980%. The bid-to-cover ratio was 2.80.

Tenders at the high rate were allotted 85.59%.

Tenders totaled $66,983,000,000 and the Treasury accepted $27,306,000,000, including $1,535,000,000 of noncompetitive.

Fed banks bought $5,306,000,000 for themselves.

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