Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were mixed, as the three-months incurred a 0.105% high rate, down from 0.110% the prior week, and the six-months incurred a 0.145% high rate, unchanged from the week before.

Coupon equivalents were 0.106% and 0.147%, respectively.

The price for the 91s was 99.973167 and that for the 182s was 99.926694.

The median bid on the 91s was 0.095%. The low bid was 0.085%.

Tenders at the high rate were allotted 33.25%. The bid-to-cover ratio was 4.43.

Tenders totaled $141,662,949,900 and the Treasury accepted $32,001,549,900 including $685,419,900 of non-competitive.

The Fed banks bought nothing for themselves.

The median bid for the 182s was 0.135%. The low bid was 0.120%.

Tenders at the high rate were allotted 3.75%. The bid-to-cover ratio was 4.89.

Tenders totaled $137,054,747,400 and the Treasury accepted $28,000,622,400, including $616,747,400 of non-competitive.

The Fed banks bought nothing for themselves.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.