Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were lower, as the three-months incurred a 0.050% high rate, off from 0.100% the previous week, and the six-months incurred a 0.130% high rate, down from 0.170%.
Coupon equivalents were 0.051% and 0.132%, respectively. The price for the 91s was 99.987361 and that for the 182s was 99.934278.
The median bid on the 91s was 0.030%. The low bid was zero. Tenders at the high rate were allotted 97.52%. The bid-to-cover ratio was 4.34. Tenders totaled $138,908,501,500 and the Treasury accepted $32,000,229,500, including $995,841,800 of noncompetitive.
The median bid for the 182s was 0.120%. The low bid was zero. Tenders at the high rate were allotted 22.02%. The bid-to-cover ratio was 4.40. Tenders totaled $131,990,531,500 and the Treasury accepted $30,000,163,500, including $676,243,500 of noncompetitive.
