NEW YORK - Tender rates for the Treasury Department’s latest 90-day and 181-day discount bills were higher, as the three-months incurred a 0.015% high rate, up from 0.010% the prior week, and the six-months incurred a 0.050% high rate, up from 0.040% the week before.
Coupon equivalents were 0.015% and 0.051%, respectively.
The price for the 90s was 99.996250 and that for the 181s was 99.974861.
The median bid on the 90s was 0.005%. The low bid was zero.
Tenders at the high rate were allotted 3.54%. The bid-to-cover ratio was 4.45.
Tenders totaled $129,089,881,700 and the Treasury accepted $29,000,787,700 including $837,923,700 of non-competitive.
The Fed banks bought nothing for themselves.
The median bid for the 181s was 0.040%. The low bid was 0.020%.
Tenders at the high rate were allotted 48.62%. The bid-to-cover ratio was 4.56.
Tenders totaled $123,024,650,600 and the Treasury accepted $27,000,356,600, including $612,900,600 of non-competitive.
The Fed banks bought nothing for themselves.
