Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were lower yesterday, as the three-months incurred a 0.140% high rate, down from 0.150% last week, and the six-months incurred a 0.225% high rate, off from 0.240%.
Coupon equivalents were 0.142% and 0.228%, respectively. The price for the 91s was 99.964611 and the price for the 182s was 99.886250.
The median bid on the 91s was 0.130%. The low bid was 0.100%. Tenders at the high rate were allotted 82.36%.
The bid-to-cover ratio was 3.60. Tenders totaled $104,381,511,800 and the Treasury accepted $29,000,540,600, including $1,252,061,800 of noncompetitive.
The median bid for the 182s was 0.210%. The low bid was 0.180%. Tenders at the high rate were allotted 37.32%. The bid-to-cover ratio was 3.50.
Tenders totaled $101,420,940,800 and the Treasury accepted $29,000,340,800, including $866,971,800 of noncompetitive.
