Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were lower, as the three-months incurred a 0.020% high rate, down from 0.030% the prior week, and the six-months incurred a 0.035% high rate, off from 0.055% the week before.
Coupon equivalents were 0.020% and 0.035%, respectively.
The price for the 91s was 99.994944 and that for the 182s was 99.982306.
The median bid on the 91s was 0.010%. The low bid was zero.
Tenders at the high rate were allotted 24.73%. The bid-to-cover ratio was 4.12.
Tenders totaled $123,649,656,200 and the Treasury accepted $30,000,571,200 including $444,491,200 of non-competitive.
The Fed banks bought nothing for themselves.
The median bid for the 182s was 0.030%. The low bid was zero.
Tenders at the high rate were allotted 62.64%. The bid-to-cover ratio was 6.12.
Tenders totaled $152,968,750,600 and the Treasury accepted $25,000,470,600, including $363,750,600 of non-competitive.
The Fed banks bought nothing for themselves.
