Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were higher yesterday, as the three-months incurred a 1.450% high rate, up from 1.440% the prior week, and the six-months incurred a 1.600% high rate, up from 1.500% .
Coupon equivalents were 1.476% and 1.635%, respectively. The price for the 91s was 99.633472 and that for the 182s was 99.191111.
The median bid on the 91s was 1.350%. The low bid was 1.240%. Tenders at the high rate were allotted 13.80%. The bid-to-cover ratio was 2.38.
The median bid for the 182s was 1.520%. The low bid was 1.450%. Tenders at the high rate were allotted 3.06%. The bid-to-cover ratio was 2.38.
