Tender rates for the Treasury Department's latest 182-day discount bills incurred a 1.115% high rate, unchanged from 1.115% the week before.

The coupon equivalent was 1.137%, and the price was 99.436306.

The median bid was 1.090%. The low bid was 1.060%. Tenders at the high rate were allotted 38.58%. The bid-to-cover ratio was 3.41.

Treasury building.
Treasury building.

Tenders totaled $112,595,677,600 and the Treasury accepted $33,000,254,600, including $397,380,300 of non-competitive.

The Fed banks bought nothing for themselves.

Treasury also auctioned $26 billion of two-year notes with a 1 1/4% coupon at a 1.345% yield, a price of 99.813152.

The bid-to-cover ratio was 2.86.

Tenders at the high yield were allotted 1.69%.

The median yield was 1.300%. The low yield was 1.188%.

Tenders totaled $74,265,703,700 and the Treasury accepted $26,000,068,700, including $111,428,700 non-competitive.

The Fed banks bought $814,931,100 for their own account in exchange for maturing securities.

The two-year notes are dated August 31 and due August 31, 2019.

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