Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were higher yesterday than last week, as the three-months incurred a 0.060% high rate, up from 0.040%, and the six-months incurred a 0.145% high rate, up from 0.130%.
Coupon equivalents were 0.061% and 0.147%, respectively. The price for the 91s was 99.984833 and that for the 182s was 99.926694. The median bid on the 91s was 0.040%. The low bid was 0.030%. Tenders at the high rate were allotted 39.42%. The bid-to-cover ratio was 4.52. Tenders totaled $103,871,980,800 and the Treasury accepted $23,000,713,400 including $1,279,838,800 of noncompetitive.