NEW YORK - 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, down from 0.080% the prior week, and the six-months incurred a 0.130% high rate, down from 0.180% the week before.
Coupon equivalents were 0.041% and 0.132%, respectively.
The price for the 91s was 99.989889 and that for the 182s was 99.934278.
The median bid on the 91s was 0.020%. The low bid was 0.010%.
Tenders at the high rate were allotted 17.72%. The bid-to-cover ratio was 4.09.
Tenders totaled $98,057,606,000 and the Treasury accepted $24,000,286,000 including $1,200,736,000 of non-competitive.
The Fed banks bought nothing for themselves.
The median bid for the 182s was 0.110%. The low bid was 0.070%.
Tenders at the high rate were allotted 55.07%. The bid-to-cover ratio was 4.11.
Tenders totaled $102,863,525,700 and the Treasury accepted $25,000,554,200, including $924,525,700 of non-competitive.
The Fed banks bought nothing for themselves.
