Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were lower than last week, as the three-months incurred a 0.040% high rate, down from 0.050%, and the six-months incurred a 0.160% high rate, down from 0.165%.

Coupon equivalents were 0.041% and 0.162%, respectively.

The price for the 91s was 99.989889 and that for the 182s was 99.919111.

The median bid on the 91s was 0.030%. The low bid was 0.010%.

Tenders at the high rate were allotted 66.83%. The bid-to-cover ratio was 3.69.

Tenders totaled $110,824,736,700 and the Treasury accepted $30,000,034,200, including $1,187,615,700 of noncompetitive.

The median bid for the 182s was 0.140%. The low bid was 0.110%.

Tenders at the high rate were allotted 40.77%. The bid-to-cover ratio was 3.65.

Tenders totaled $113,006,314,400 and the Treasury accepted $31,000,062,200, including $774,314,400 of noncompetitive.

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