Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were higher yesterday, as the three-months incurred a 0.185% high rate, up from 0.180% the week before, and the six-months incurred a 0.285% high rate, up from 0.275%.
Coupon equivalents were 0.188% and 0.289%, respectively. The price for the 91s was 99.953236 and that for the 182s was 99.855917.
The median bid on the 91s was 0.180%. The low bid was 0.135%. Tenders at the high rate were allotted 53.04%. The bid-to-cover ratio was 3.55. Tenders totaled $117,039,134,600 and the Treasury accepted $33,000,974,600, including $1,362,349,600 of noncompetitive.
The median bid for the 182s was 0.260%. The low bid was 0.225%. Tenders at the high rate were allotted 56.67%. The bid-to-cover ratio was 3.49. Tenders totaled $108,180,741,200 and the Treasury accepted $31,000,409,700, including $1,017,347,800 of noncompetitive.
