Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were mixed, as the three-months incurred a 0.075% high rate, unchanged from 0.075% the prior week, and the six-months incurred a 0.095% high rate, down from 0.105% the week before.

Coupon equivalents were 0.076% and 0.096%, respectively.

The price for the 91s was 99.981042 and that for the 182s was 99.951972.

The median bid on the 91s was 0.065%. The low bid was 0.030%.

Tenders at the high rate were allotted 0.39%. The bid-to-cover ratio was 4.68.

Tenders totaled $149,879,169,700 and the Treasury accepted $32,000,344,700 including $514,659,700 of non-competitive.

The Fed banks bought nothing for themselves.

The median bid for the 182s was 0.090%. The low bid was 0.065%.

Tenders at the high rate were allotted 81.58%. The bid-to-cover ratio was 4.94.

Tenders totaled $138,436,249,800 and the Treasury accepted $28,000,684,800, including $521,489,800 of non-competitive.

The Fed banks bought nothing for themselves.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.