Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were lower, as the three-months incurred a 0.040% high rate, dropping from 0.090% the prior week, and the six-months incurred a 0.090% high rate, off from 0.135% the week before.

Coupon equivalents were 0.041% and 0.091%, respectively.

The price for the 91s was 99.989889 and that for the 182s was 99.954500.

The median bid on the 91s was 0.025%. The low bid was 0.000%.

Tenders at the high rate were allotted 18.75%. The bid-to-cover ratio was 4.44.

Tenders totaled $141,950,059,800 and the Treasury accepted $32,000,059,800 including $527,839,800 of non-competitive.

The Fed banks bought nothing for themselves.

The median bid for the 182s was 0.080%. The low bid was 0.050%.

Tenders at the high rate were allotted 45.40%. The bid-to-cover ratio was 4.75.

Tenders totaled $132,249,006,000 and the Treasury accepted $27,313,766,000, including $437,078,500 of non-competitive.

The Fed banks bought nothing for themselves.

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