Weekly T-Bills Go at 0.015%, 0.045% High Rates

Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were mixed, as the three-months incurred a 0.015% high rate, down from 0.020% the prior week, and the six-months incurred a 0.045% high rate, unchanged from 0.045% the week before.

Coupon equivalents were 0.015% and 0.046%, respectively.

The price for the 91s was 99.996208 and that for the 182s was 99.977250.

The median bid on the 91s was 0.010%. The low bid was 0.005%.

Tenders at the high rate were allotted 67.48%. The bid-to-cover ratio was 4.91.

Tenders totaled $117,954,854,600 and the Treasury accepted $24,000,569,400 including $389,029,600 of non-competitive.

The Fed banks bought nothing for themselves.

The median bid for the 182s was 0.040%. The low bid was 0.020%.

Tenders at the high rate were allotted 74.63%. The bid-to-cover ratio was 4.99.

Tenders totaled $114,773,601,700 and the Treasury accepted $23,000,026,700, including $330,601,700 of non-competitive.

The Fed banks bought nothing for themselves.

For reprint and licensing requests for this article, click here.
MORE FROM BOND BUYER