Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were lower, as the three-months incurred a 0.045% high rate, down from 0.115% the previous week, and the six-months incurred a 0.065% high rate, off from 0.150% the week before.
Coupon equivalents were 0.046% and 0.066%, respectively. The price for the 91s was 99.988625 and that for the 182s was 99.967139. The median bid on the 91s was 0.030%. The low bid was zero. Tenders at the high rate were allotted 10.70%. The bid-to-cover ratio was 4.09.
Tenders totaled $118,696,591,900 and the Treasury accepted $29,000,391,900 including $863,302,900 of non-competitive.
The median bid for the 182s was 0.050%. The low bid was 0.010%. Tenders at the high rate were allotted 89.82%. The bid-to-cover ratio was 4.33. Tenders totaled $116,872,009,100 and the Treasury accepted $27,000,129,100, including $694,009,100 of non-competitive.
Treasury also said Monday it will sell $35 billion of four-week discount bills Tuesday. The bills settle Aug. 11 and are due Sept. 8.
There are currently $57 billion of four-week bills outstanding.
Federal Reserve banks hold $6.285 billion of maturing bills in their own accounts.