Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were higher, as the three-months incurred a 0.025% high rate, up from 0.010% the previous week, and the six-months incurred a 0.060% high rate, up from 0.050%.

Coupon equivalents were 0.025% and 0.061%, respectively. The price for the 91s was 99.993681 while the price for the 182s was 99.969667.

The median bid on the 91s was 0.020%. The low bid was zero. Tenders at the high rate were allotted 83.54%. The bid-to-cover ratio was 4.41. Tenders totaled $127,794,878,200 and the Treasury accepted $29,001,093,200, including $773,866,200 of noncompetitive.

The median bid for the 182s was 0.055%. The low bid was 0.030%. Tenders at the high rate were allotted 65.85%. The bid-to-cover ratio was 4.67. Tenders totaled $126,213,438,400 and the Treasury accepted $27,000,752,900, including $693,308,400 of noncompetitive.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.