Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were mixed, as the three-months incurred a 0.080% high rate, unchanged from 0.080% the previous week, and the six-months incurred a 0.130% high rate, off from 0.135% the week before.
Coupon equivalents were 0.081% and 0.132%, respectively. The price for the 91s was 99.979778 and that for the 182s was 99.934278.
The median bid on the 91s was 0.070%. The low bid was 0.040%. Tenders at the high rate were allotted 44.32%. The bid-to-cover ratio was 4.72. Tenders totaled $141,747,340,400 and the Treasury accepted $30,000,348,400, including $796,717,400 of noncompetitive.
The median bid for the 182s was 0.120%. The low bid was 0.100%. Tenders at the high rate were allotted 19.22%. The bid-to-cover ratio was 4.48.
Tenders totaled $125,410,633,300 and the Treasury accepted $28,000,863,300, including $598,433,300 of noncompetitive.