Tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were higher yesterday, as the three-months incurred a 0.110% high rate, up from 0.070% the prior week, and the six-months incurred a 0.200% high rate, up from 0.170%.
Coupon equivalents were 0.112% and 0.203%. The prices were 99.972194 for the 91s and 99.898889 for the 182s.
The median bid on the 91s was 0.090%. The low bid was 0.050%. Tenders at the high rate were allotted 79.75%. The bid-to-cover ratio was 3.39. Tenders totaled $94,925,022,300 and the Treasury accepted $28,000,022,300, including $1,125,781,800 of noncompetitive.
The median bid for the 182s was 0.180%. The low bid was 0.130%. Tenders at the high rate were allotted 40.81%. The bid-to-cover ratio was 3.57. Tenders totaled $103,411,136,900 and the Treasury accepted $29,000,453,400, including $729,916,900 of noncompetitive.