Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were higher than last week, as the three-months incurred a 1.800% high rate, up from 1.610%, and the six-months incurred a 1.850% high rate, up from 1.740%.
Coupon equivalents were 1.833% and 1.893%, respectively. The price for the 91s was 99.545000 and that for the 182s was 99.064722. The median bid on the 91s was 1.740%. The low bid was 1.700%. Tenders at the high rate were allotted 19.77%. The bid-to-cover ratio was 2.73.
The median bid for the 182s was 1.780%. The low bid was 1.720%. Tenders at the high rate were allotted 6.95%. The bid-to-cover ratio was 2.46.
