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.