Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were lower, as the three-months incurred an 0.085% high rate, off from 0.095% the previous week, and the six-months incurred a 0.125% high rate, down from 0.130%.

Coupon equivalents were 0.086% and 0.127%, respectively. The price for the 91s was 99.978514 and that for the 182s was 99.936806.

The median bid on the 91s was 0.075%. The low bid was zero. Tenders at the high rate were allotted 71.27%. The bid-to-cover ratio was 4.33. Tenders totaled $142,747,585,200 and the Treasury accepted $33,000,115,700, including $723,048,200 of noncompetitive.

The median bid for the 182s was 0.115%. The low bid was 0.095%. Tenders at the high rate were allotted 69.16%. The bid-to-cover ratio was 4.43. Tenders totaled $137,459,449,100 and the Treasury accepted $31,000,405,500, including $720,697,100 of noncompetitive.

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