Weekly T-Bills Go at 0.010%, 0.040% Highs

Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were higher, as the three-months incurred a 0.010% high rate, up from 0.005% the previous week, and the six-months incurred a 0.040% high rate, up from 0.035% the week before.

Coupon equivalents were 0.010% and 0.041%, respectively. The price for the 91s was 99.997472 and that for the 182s was 99.979778.

The median bid on the 91s was zero. The low bid was zero. Tenders at the high rate were allotted 4.50%. The bid-to-cover ratio was 4.72. Tenders totaled $136,783,101,400, and the Treasury accepted $29,000,351,400, including $854,852,400 of noncompetitive.

The median bid for the 182s was 0.030%. The low bid was 0.010%. Tenders at the high rate were allotted 25.58%. The bid-to-cover ratio was 4.82. Tenders totaled $130,098,280,100 and the Treasury accepted $27,000,420,100, including $664,710,100 of noncompetitive.

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