Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were mixed, as the three-months incurred a 0.095% high rate, up from 0.090% the prior week, and the six-months incurred a 0.145% high rate, unchanged from 0.145%.
Coupon equivalents were 0.096% and 0.147%, respectively. The price for the 91s was 99.975986 and that for the 182s was 99.926694.
The median bid on the 91s was 0.090%. The low bid was 0.075%. Tenders at the high rate were allotted 50.96%. The bid-to-cover ratio was 4.66. Tenders totaled $139,781,834,300 and the Treasury accepted $30,000,322,300, including $761,025,300 of noncompetitive.
The median bid for the 182s was 0.140%. The low bid was 0.120%. Tenders at the high rate were allotted 64.99%. The bid-to-cover ratio was 5.17. Tenders totaled $139,538,882,100 and the Treasury accepted $27,000,187,100, including $637,825,100 of noncompetitive.