Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were lower, as the three-months incurred a 0.100% high rate, down from 0.135% the prior week, and the six-months incurred a 0.190% high rate, off from 0.210% the week before.
Coupon equivalents were 0.101% and 0.193%, respectively. The price for the 91s was 99.974722 and that for the 182s was 99.903944.
The median bid on the 91s was 0.080%. The low bid was 0.040%. Tenders at the high rate were allotted 5.24%. The bid-to-cover ratio was 4.12. Tenders totaled $119,470,574,900 and the Treasury accepted $29,000,184,900 including $1,329,250,900 of non-competitive.
The median bid for the 182s was 0.175%. The low bid was 0.140%. Tenders at the high rate were allotted 53.44%. The bid-to-cover ratio was 3.76. Tenders totaled $109,179,678,200 and the Treasury accepted $29,000,510,200, including $948,178,200 of non-competitive.