Tender rates for the Treasury Department’s latest 90-day and 182-day discount bills fell yesterday, as the three-months incurred a 0.040% high rate, lower from 0.065% the week before, and the six-months incurred a 0.140% high rate, a drop from 0.165%.
Coupon equivalents were 0.040% and 0.142%, respectively.
The price for the 90s was 99.990000 and that for the 182s was 99.929611.
The median bid on the 90s was 0.020%. The low bid was 0.000%.
Tenders at the high rate were allotted 47.63%. The bid-to-cover ratio was 3.81.
Tenders totaled $114,180,270,500 and the Treasury accepted $30,000,180,500, including $1,139,870,500 of noncompetitive.
Federal Reserve banks bought nothing for themselves.
The median bid for the 182s was 0.125%. The low bid was 0.080%.
Tenders at the high rate were allotted 70.32%. The bid-to-cover ratio was 3.60.
Tenders totaled $111,738,474,300 and the Treasury accepted $31,000,354,300, including $896,274,300 of non-competitive.
