NEW YORK - Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were lower, as the three-months incurred a 0.005% high rate, off from 0.030% the prior week, and the six-months incurred a 0.050% high rate, down from 0.070% the week before.
Coupon equivalents were 0.005% and 0.051%, respectively.
The price for the 91s was 99.998736 and that for the 181s was 99.974722.
The median bid on the 91s was zero. The low bid was zero.
Tenders at the high rate were allotted 76.61%. The bid-to-cover ratio was 4.75.
Tenders totaled $137,725,138,700 and the Treasury accepted $29,000,543,700 including $797,455,700 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 26.19%. The bid-to-cover ratio was 4.85.
Tenders totaled $131,017,379,600 and the Treasury accepted $27,000,123,400, including $674,827,600 of non-competitive.
The Fed banks bought nothing for themselves.
