Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were higher yesterday, as the three-months incurred a 0.080% high rate, up from 0.070% the prior week, and the six-months incurred a 0.170% high rate, up from 0.150%.
Coupon equivalents were 0.081% and 0.173%, respectively. The price for the 91s was 99.979778 and that for the 182s was 99.914056.
The median bid on the 91s was 0.070%. The low bid was 0.030%. Tenders at the high rate were allotted 55.87%. The bid-to-cover ratio was 4.03.
The median bid for the 182s was 0.150%. The low bid was 0.115%. Tenders at the high rate were allotted 95.49%. The bid-to-cover was 3.57.