Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were higher, as the three-months incurred a 0.030% high rate, up from 0.015% the prior week, and the six-months incurred a 0.065% high rate, up from 0.045%.
Coupon equivalents were 0.031% and 0.066%, respectively. The price for the 91s was 99.992417 and the 182s were 99.967139.
The median bid on the 91s was 0.020%. The low bid was 0.005%. Tenders at the high rate were allotted 30.62%. The bid-to-cover ratio was 4.57. Tenders totaled $132,599,404,800 and the Treasury accepted $29,000,067,800, including $831,962,800 of noncompetitive.
The median bid for the 182s was 0.055%. The low bid was 0.030%. Tenders at the high rate were allotted 1.43%. The bid-to-cover ratio was 4.95. Tenders totaled $133,673,752,400 and the Treasury accepted $27,001,464,900, including $699,352,400 of noncompetitive.
