Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were higher, as the three-months incurred a 0.085% high rate, up from 0.075% the previous week, and the six-months incurred a 0.140% high rate, up from 0.130%.
Coupon equivalents were 0.086% and 0.142%, respectively. The price for the 91s was 99.978514 and that for the 182s was 99.929222.
The median bid on the 91s was 0.080%. The low bid was 0.065%. Tenders at the high rate were allotted 98.42%. The bid-to-cover ratio was 4.79. Tenders totaled $143,829,900,700 and the Treasury accepted $30,000,195,700, including $785,350,700 of noncompetitive.
The median bid for the 182s was 0.135%. The low bid was 0.100%. Tenders at the high rate were allotted 95.44%. The bid-to-cover ratio was 5.18. Tenders totaled $139,945,521,100 and the Treasury accepted $27,000,839,500, including $632,621,100 of noncompetitive.