Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were lower yesterday, as the three-months incurred a 3.080% high rate, down from 3.180% last week, and the six-months incurred a 2.950% high rate, down from 3.170%.
Coupon equivalents were 3.156% and 3.045%, respectively.
The price for the 91s was 99.221444 and the price for the 182s was 98.508611.
The median bid on the 91s was 3.000%. The low bid was 2.960%. The bid-to-cover ratio was 2.57.
Tenders at the high rate were allotted 47.90%.
Tenders totaled $51,386,326,000 and the Treasury accepted $20,000,076,000, including $1,595,406,000 of noncompetitive.
Federal Reserve banks bought $1,528,378,000 for themselves.
The median bid for the 182s was 2.905%. The low bid was 2.880%. The bid-to-cover ratio was 2.89.
Tenders at the high rate were allotted 48.58%.
Tenders totaled $52,075,002,000 and the Treasury accepted $18,000,137,000, including $1,529,657,000 of noncompetitive.
Fed banks bought $6,039,253,000 for themselves.