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 0.110% the prior week, and the six-months incurred a 0.135% high rate, down from 0.145% the week before.

Coupon equivalents were 0.101% and 0.137%, respectively.

The price for the 91s was 99.974722 and that for the 182s was 99.931750.

The median bid on the 91s was 0.090%. The low bid was 0.075%.

Tenders at the high rate were allotted 45.09%. The bid-to-cover ratio was 4.56.

Tenders totaled $145,798,941,600 and the Treasury accepted $32,000,993,600 including $764,982,300 of non-competitive.

The Fed banks bought nothing for themselves.

The median bid for the 182s was 0.130%. The low bid was 0.110%.

Tenders at the high rate were allotted 83.88%. The bid-to-cover ratio was 5.00.

Tenders totaled $140,036,433,900 and the Treasury accepted $28,000,339,900, including $647,023,900 of non-competitive.

The Fed banks bought nothing for themselves.

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