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, down from 0.055% the prior week, and the six-months incurred a 0.115% high rate, down from 0.260% the week before.
Coupon equivalents were 0.005% and 0.117%, respectively.
The price for the 91s was 99.998736 and that for the 182s was 99.941861.
The median bid on the 91s was zero. The low bid was zero.
Tenders at the high rate were allotted 12.13%. The bid-to-cover ratio was 3.95.
Tenders totaled $78,916,197,500 and the Treasury accepted $20,000,641,200 including $382,594,500 of non-competitive.
The Fed banks bought nothing for themselves.
The median bid for the 182s was 0.100%. The low bid was 0.900%.
Tenders at the high rate were allotted 60.37%. The bid-to-cover ratio was 3.86.
Tenders totaled $77,211,094,300 and the Treasury accepted $20,000,285,800, including $333,094,300 of non-competitive.
The Fed banks bought nothing for themselves.
